$ROSE / USDT – Sharp Pullback After Recent Peak – Finding Footing? 🤔
$ROSE / USDT is currently trading at $0.02737, down significantly by -6.78% today. The 4-hour chart shows a strong upward move culminating around $0.0300, followed by a sharp retracement. The price is currently hovering near the $0.027 level.
🧐 Potential Trading Scenarios:
* Support Test: The $0.027 area appears to be acting as immediate support. Watch if this level holds.
* Retracement Depth: The current pullback is substantial, testing the strength of the recent bullish momentum.
* Potential Consolidation: We might see a period of consolidation around this level as the market digests the recent volatility.
📈 Potential Long Entry (If Support Holds): Consider entering around the $0.027 level with a stop loss placed just below it. Initial targets could be the previous swing highs around $0.0285 and then $0.0300.
📉 Potential Short Entry (If Support Breaks): If the $0.027 level fails to hold, a short entry targeting lower support levels (e.g., around $0.026 or lower) could be considered.
⚠️ Outlook:
$ROSE / USDT has experienced a strong pump and is now undergoing a significant correction. The price action around the $0.027 support level will be crucial in determining the next direction. Monitor volume and candlestick patterns for confirmation. Always practice sound risk management.
ROSEUSDT · Binance
0.02737 -0.00009 (-0.33%) (based on the last 4 hours)
