📈 Critical Levels - The most recent high of the swing move is at 0.01182. - The most recent low of the swing move is at 0.00984. - The equilibrium of the recent swing is 0.01083. - Resistance is seen at 0.01097 and 0.01084 (recent supply rejection). - Immediate support is at 0.01055 (also an FVG area). - The next significant support is at 0.00995, followed by 0.00984. - There are bullish FVG zones between 0.01055 and 0.01035, and again down to 0.01019. - There is a bearish FVG in the 0.01055-0.01049 region, indicating potential short-term resistance.
🚦 Trade Ideas:
- Price is currently sitting in a potential demand/FVG area (0.01055-0.01035). If bullish price action confirms here (such as a pin bar, bullish engulfing, or a strong reversal setup on lower timeframes), this could be a good entry for a long position. - Entry: Consider entering long around 0.01055-0.01035, but only after seeing confirmation like a strong bounce, bullish reversal candle, or clear structure shift on the 5m or 15m chart. - Take Profit: First target at 0.01084, with an extended target at 0.01097 if momentum is strong. - Stop-loss: Place it just below the recent swing low (below 0.01019 or below 0.00995, depending on your risk tolerance). - If the price breaks below 0.00984 with strong volume and closes below, reassess for a possible bearish move and avoid the long setup.
🌌 My Expectation
- Given the current bullish trend but mixed momentum, my bias is for a bounce from the 0.01055-0.01035 demand zone toward 0.01084 and possibly 0.01097, provided confirmation is seen. - A long trade should be considered only if bullish confirmation appears at the key demand/FVG area; otherwise, stay patient. If price closes below 0.00984, my bias flips to bearish for a move towards 0.00977 and potentially lower. - Remember to always wait for clear confirmation signals before entering, such as bullish reversal patterns or a strong reclaim of a critical level. #ROSE_USDT #MarketLiveUpdate $ROSE #WriteToEarnUpgrade
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#BTC.D is trading close to the apex, compressing inside a symmetrical triangle. A significant advance is indicated by the tightening of volatility.
Bitcoin strength would be favored by a breach over resistance, while altcoin momentum might be sparked by a fall below support. There will soon be a decisive action.