$ROSE
/USDT Technical Analysis and Trade Strategy
Technical Analysis
Current Price: $0.12644
24h High: $0.12885
24h Low: $0.10018
Bollinger Bands (20, 2):
Upper Band: $0.13061
Middle Band: $0.11442
Lower Band: $0.09823
Parabolic SAR: $0.11738 (bullish support)
Trend Overview:
The price is currently in an upward trend, having gained 19.34% over the past 24 hours. The price is near the upper Bollinger Band, suggesting potential resistance around $0.13061. If the price stays above the SAR level of $0.11738, it may continue to rise.
Trade Setup and Strategy
1. Entry Point:
Buy at $0.12000 (around the middle of the Bollinger Bands, with solid support at the Parabolic SAR).
Stop Loss: $0.11500 (below the Parabolic SAR for safety).
2. Target Levels (Key Targets šÆ):
Target 1 šÆ: $0.12800 (approaching the upper Bollinger Band and previous 24h high).
Target 2 šÆ: $0.13050 (potential breakout level, near the upper Bollinger Band).
Target 3 šÆ: $0.13500 (psychological resistance and possible continuation in case of further bullish momentum).
Trade Execution
Long Position: Enter at $0.12000, aiming to ride the potential price action toward the targets.
Risk Management: Tight stop loss at $0.11500, ensuring the position is protected if the trend reverses.
Scenario 1 (Bullish):
If the price breaks through the $0.12885 resistance and holds above, it may reach the $0.13061 level, then possibly continue toward $0.13500.
Scenario 2 (Bearish Reversal):
If the price drops below the SAR support ($0.11738) and the Bollinger Bands' middle band ($0.11442), it may indicate a reversal, and you may need to exit or consider shorting.
