ROSE - correction expected

12 พ.ค. 2022

ROSE has found support at the Yearly open I flagged as the lower zone in my last post.
While the overall market is still very weak I expect some correction from here
A good strategy now could be to buy dips below the yearly open, targeting the zones as marked,
or buying the a break above the Quarterly as marked

Trading below yearly open and 0.05 this will promise more downside.
TotalDefi chart is a mess due to LUNA, and suggests that if we lose the current trading range and support we could rapidly see another 50-70% mark down

13 พ.ค. 2022

บันทึก

First TP at 0.075 hit +42.5% in spot

Strong 4H engulf of the quarterly, some profit taken here.
See if ROSE can hold gains

13 พ.ค. 2022

บันทึก

If we can hold the 0.066 on the daily then we can target the 0.085
If we pierce the 0.08-0.85 range we can target the 0.10-0.12

Good time to take profits as I expect we see a retest of the lows after any such move, until we start making higher lows on TOTAL2 and TOTALDefi Weekly charts