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.

Note

Trading situation. The main trend, for 06/11/2024 (specially linear and time frame 1 week).

Note

local chart scale for local and medium-term trading. Time frame 3 days. I don’t think it’s worth describing, everything is shown, both the more likely scenario and the less likely, and the percentages for key price reversal zones.

SpartaBTC

✅ Telegram. Finance + Trading: t.me/SpartaBTC_1318
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2

Also on:

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.

SpartaBTC

✅ Telegram. Finance + Trading: t.me/SpartaBTC_1318
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2

Also on: