$ROSE /USDT Analysis: Symmetrical Triangle Setup on Weekly Chart

Oasis Network ($ROSE ) is currently trading within a symmetrical triangle pattern on the weekly chart.

The price is facing rejection at the descending resistance, but is still consolidating above key support levels and below the 50-day moving average (MA 50).

A clear bounce and breakout above this level could signal a powerful upward move.

Key Levels to Watch

1. Buy Zone: $0.100 - $0.110

This range offers a good entry point as ROSE consolidates within the triangle and near the support zone.

2. Targets After Breakout:

First Target: $0.135

Second Target: $0.180

Third Target: $0.275

Final Target: $0.380

3. Stop-Loss: $0.090

Place a stop-loss below the support zone to manage risk if ROSE breaks down further.

What to Expect Next?

If ROSE breaks out above the descending resistance:

1. Volume Confirmation: A strong increase in volume will confirm the breakout, making the move more reliable.

2. Close Above $0.115: A weekly close above this level would likely trigger bullish momentum.

3. Momentum Indicators: Look for RSI to cross above 50 and a bullish MACD crossover to support the breakout.

Risk-Reward Analysis

Risk: $0.015 per unit (entry at $0.110 with stop-loss at $0.090).

Reward: Up to $0.270 per unit (target at $0.380).

Risk-to-Reward Ratio: 1:18 – an excellent risk-reward setup for those with a positive outlook on ROSE's potential.

Important Notes

Symmetrical triangles are powerful continuation patterns, and breakouts often lead to strong moves in either direction.

The 50-day moving average (MA 50) is a key level to watch—$ROSE needs to break above it to confirm the bullish setup.

Consider scaling out profits at each target to protect gains as the price advances.