All depends what BTC and ETH are doing but ROSE setup looks good on a higher timeframes. Break of the trend line means we are going straight for the lows. September is usually very bearish month for crypto, take it into consideration. Reasons behind ROSE long trade:
- Head and shoulders .
- Fibonacci sniper levels.
- Major support.
- Trend line support.
- Reversal pattern on lower timeframe.
- Head and shoulders .
- Fibonacci sniper levels.
- Major support.
- Trend line support.
- Reversal pattern on lower timeframe.
Comment:
Stop loss in breakeven. Took some profits off the table. All updates given in channel!
Trade closed manually:
ROSE trade closed in good profits.