ROSE/USDT Secondary trend. Wedge in the horizontal channel.10 23

Secondary trend, horizontal channel zone. Declines from the pumping maximum -93.96%
Local work with wedge breakout and channel range. In case of a negative scenario in the market - work from the capitulation zone. Allocate the position in advance. Percentages from this zone did not show, but take it into account in your risk management.


Line chart.

Main trend, to understand this zone for work.

About mani management in working now on similar medium and low liquidity cryptocurrencies, read the description of this trading idea:
RLC/USDT Secondary trend. Decline -63% Wedge. 10 2023

Trade closed: target reached:

the first local target of the horizontal channel after the wedge breakout is reached around +80%

Trade active

Trade closed: target reached:

price broke through the resistance zone of the horizontal trading channel 0.11273. At the moment the price is above it and has reached the dynamic resistance of the Gann fan. Since the reversal 0.03933 is almost 3 X (about +280% now in momentum). Maximum targets on the chart of the trade idea itself.

Protect profits (stop under the mirror support level (former resistance), or get rid of the crypto phantom as profits are very large, "there is ROSE" at the beginning of its movements and with great potential, but with a different ticker name.