Technical analysis by weslad about Symbol ROSE on 5/2/2025

ROSEUSDT is currently exhibiting a broad bearish corrective structure, taking the form of a potential WXY complex correction. Price action has been coiling within a structurally significant range, with the immediate demand zone acting as the current base of accumulation. This area presents a favorable risk-reward opportunity for strategic long positions.The broader outlook hinges on the behavior of price upon retesting the overhanging supply zone. A rejection at this critical resistance could trigger a sharp bearish continuation, with downside targets aligned with the projected bear zone, as depicted on the chart. Conversely, a confirmed breakout above this structural ceiling would invalidate the bearish thesis and pave the way for an impulsive bullish leg toward the upper bull target area, establishing a potential trend reversal.