FieryTrading

🔥 ROSE Potential Reversal Soon: Macro Trend

BINANCE:ROSEUSDT   ROSE / TetherUS
ROSE has been one of the winners of the last week, seeing almost 75% gains in just a couple of gains. However, bears are looming for a reversal.

Over the course of almost a year, ROSE has been trading inside a well-defined ascending wedge . Every time the price has hit this pattern's top resistance, a strong bear move followed.

Bears are waiting for a rejection of the resistance to hop in and drive the price down. In case you're looking for a bearish entry, wait for further BTC weakness. In case you're in a long swing-trade, consider taking partial profits.

Happy trading!

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