#ROSE Ready for a Bullish Breakout or Not? Key Levels to Watch

Yello, Paradisers! Is #ROSEUSDT preparing for a bullish breakout, or will we witness a deeper correction? Let’s dive into this crucial setup for #Oasis:

💎#ROSE has been trading within a well-defined descending channel on the 8-hour chart, a structure that often precedes significant market moves. Price is currently hovering near the resistance of this descending channel, and a breakout here could be the game changer bulls have been waiting for.

💎If #ROSEUSD breaks above the descending resistance, the first major hurdle will be the resistance at $0.1159. A clean and sustained breakout above this level could signal the start of a strong bullish rally. The next target would then lie within the major resistance zone between $0.1597 and $0.1671, representing a potential upside. However, you must watch for confirmation with strong volume and clear bullish candles to avoid falling for a fake breakout.

💎On the downside, the $0.074 level serves as critical support and has been a stronghold for buyers so far. If ROSE fails to break the resistance and bears regain control, we could see the price revisit this support zone. If this level also fails, the last line of protection for bulls is the underlying strong support at $0.056.

💎A daily close below $0.0563 would invalidate the bullish setup and open the door to further downside toward the $0.0400 region, where stronger demand could be tested. However, discipline and risk management remain essential as we await confirmation of the next move.

Stay focused, patient, and disciplined, Paradisers🥂

MyCryptoParadise
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