ROSE / TetherUS
Long

ROSE/USDT Bullish Breakout Setup After Multi-Month Consolidation

73
📈 ROSE/USDT — Bullish Breakout Setup (Daily Chart)

🟢 Market Structure:

ROSE has been in a multi-month consolidation since March.

Recently broke out of a descending trendline resistance, confirming a structural shift.

The breakout is supported by strong bullish volume, validating the move.

📊 Indicators:

RSI (14) is above 50 (currently ~64), indicating bullish momentum without being overbought.

Price is above the 50-day EMA (0.02676) — a key bullish signal confirming trend reversal.

🔍 Trade Setup:

Entry: 0.3112 (post-breakout confirmation above resistance)

Stop Loss: 0.3034 (below local support)

Take Profit:
• TP1: 0.3323 (5.6% gain)
• TP2: 0.3350 (7% gain)

Risk-Reward Ratio: 2.5 R/R — solid and favorable setup

📌 Notes:

Potential for a retest of the broken trendline or horizontal resistance before continuation.

Volume surge on breakout candle adds confidence.

Clean price action with defined risk levels — ideal for structured long positioning.
Note
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