Welcome to the ROSEUSDT (Oasis Network) analysis!
The price action of ROSEUSDT suggests an imminent breakout from the resistance line in the coming days.
Currently, the price is confined within a strong support zone at 0.044 and a resistance zone at 0.074. As we observe a breakout from the Falling Wedge pattern, it indicates a potential upward movement towards the resistance level.
For risk management, it's crucial for traders to set a stop loss. We recommend placing the stop loss below the 0.040 level, as it provides a safe region to protect trades.
The price action of ROSEUSDT suggests an imminent breakout from the resistance line in the coming days.
Currently, the price is confined within a strong support zone at 0.044 and a resistance zone at 0.074. As we observe a breakout from the Falling Wedge pattern, it indicates a potential upward movement towards the resistance level.
For risk management, it's crucial for traders to set a stop loss. We recommend placing the stop loss below the 0.040 level, as it provides a safe region to protect trades.
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💡 Elevate Your Trading Game! Join Vestinda's Vibrant Discord Community💬
📈 Discover insights, share strategies, and connect with fellow traders. Click to join: bit.ly/3rmVr9b 💜💜💜
📈 Discover insights, share strategies, and connect with fellow traders. Click to join: bit.ly/3rmVr9b 💜💜💜
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.