ROSE / TetherUS
Long

ROSEUSDT Rebounds from Wedge Support

59
ROSEUSDT is currently trading within a long-term descending wedge on the weekly chart, a classic bullish reversal pattern. Price recently bounced off the lower wedge support with strong momentum. Additionally, the RSI indicator has rebounded from a historically strong support zone in the oversold region, which has previously signaled major bottoms.

Resistance 1: $0.048
Resistance 2: $0.075
Resistance 3: $0.145

Cheers
Hexa

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.