ROSE - Defi looking grim, Zones of interest for ST bounce
ROSE has now entered what I have mapped out as a key area of interest, between the 0.18-0.16 range (between Q and M opens), though the market is looking grim to choppy, with TotalDefi looking particularly poor. ROSE has just engulfed both the significant 0.2 and 0.18 supports.
I am hoping market can hold sideways here, but it does not look promising, these are strong signs of further continuation to the down side
If we lose this zone, I'm looking to 0.145, then 0.12-0.1
If we lose that then I see us going much deeper back in to the lower zone marked
For now, I'm trading Short term on the possible bounce
back in from the dip below 0.16 (grabbed at price 0.155)
Another Possible entry if we find support above 0.18 (with stop loss near)
Trade invalidated if we trade below 0.145
TP 1 = 0.18 (Quarterly open)
TP 2 = 0.2
TP 3 = 0.23
I am hoping market can hold sideways here, but it does not look promising, these are strong signs of further continuation to the down side
If we lose this zone, I'm looking to 0.145, then 0.12-0.1
If we lose that then I see us going much deeper back in to the lower zone marked
For now, I'm trading Short term on the possible bounce
back in from the dip below 0.16 (grabbed at price 0.155)
Another Possible entry if we find support above 0.18 (with stop loss near)
Trade invalidated if we trade below 0.145
TP 1 = 0.18 (Quarterly open)
TP 2 = 0.2
TP 3 = 0.23
Comment:
TP 1 Hit +16%
