ROSEUSDT is testing the key level
ROSEUSDT is currently showing signs of a potential breakout from its daily descending channel.
According to Fibonacci retracement levels, the price is likely to retest the 0.382 Fibonacci level. This level is often seen as an area where new liquidity can be found, which could potentially lead to a breakout from the descending channel.
If the price manages to break out from the descending channel and hold above the 0.382 Fibonacci level, it could be a bullish signal for ROSEUSDT. This could indicate that buyers are gaining control of the market and that a new upward trend may be forming.
According to Plancton's Rules, a popular technical analysis strategy, a clear breakout above the 0.382 Fibonacci level would be a signal to enter a long position. This means that traders could consider buying ROSEUSDT if the price breaks out of the descending channel and shows signs of continuing upward momentum.
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Follow the Shrimp 🦐
Keep in mind.
According to Fibonacci retracement levels, the price is likely to retest the 0.382 Fibonacci level. This level is often seen as an area where new liquidity can be found, which could potentially lead to a breakout from the descending channel.
If the price manages to break out from the descending channel and hold above the 0.382 Fibonacci level, it could be a bullish signal for ROSEUSDT. This could indicate that buyers are gaining control of the market and that a new upward trend may be forming.
According to Plancton's Rules, a popular technical analysis strategy, a clear breakout above the 0.382 Fibonacci level would be a signal to enter a long position. This means that traders could consider buying ROSEUSDT if the price breaks out of the descending channel and shows signs of continuing upward momentum.
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black structure -> <= 1h structure.
註釋
Testing the resistance right now註釋
the price is following my arrow. Wait for the breakout註釋
still monitoring it 註釋
Still valid 
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