Technical analysis by MyCryptoParadise about Symbol ROSE: Buy recommendation (10/7/2024)

Yello Paradisers! Are you ready to catch the next big move on ROSEUSDT? 🧐 Let’s dive in!💎Currently, ROSEUSDT has displayed a Change of Character (CHOCH) and has formed a W-pattern on a crucial support zone, which previously acted as resistance. After the breakout, this zone now serves as a potential base for a bullish move.💎But confirmation is critical! ROSEUSDT needs to break above the previous swing high of the W-pattern and close a candle above it. If this happens, it would significantly increase the probability of an upward move.💎We may see a bounce from the strong support zone below. However, to validate this, we need an Internal Change of Character (I-CHoCH) to confirm a shift toward a bullish market structure.💎If ROSEUSDT breaks down and closes candle below the strong support zone, it would invalidate the entire bullish setup and could signal further downside risk.Stay sharp, Paradisers! Waiting for confirmation is crucial. In this game, patience and discipline will always set you apart from the crowd.MyCryptoParadiseiFeel the success🌴