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CAby u/carmen52·15hAnalysis

Thoughts on $ROSE at current levels

Been watching $ROSE for a bit, and that 11.63-11.66 range is starting to look pretty interesting to me, especially on the daily. We've seen it bounce off these areas before, suggesting some underlying demand or at least a psychological support zone is in play. The consolidation around here, after a bit of a dip, makes me wonder if it's coiling up for another move. I'm not calling for a moonshot, but from a technical perspective, if it can hold this level and perhaps put in a higher low above 11.63 on a daily close, that would certainly grab my attention.

Of course, the flip side is always a possibility. A sustained break below 11.63, especially on higher volume, would invalidate this whole idea for me. That would suggest the sellers are firmly in control and there's likely more downside to come. Always gotta respect the downside risk, particularly in this market. Just putting it out there for discussion.

1 comments · 3 points

1 Comments

JHu/jhernandez·14h

I'm seeing similar patterns on the charts for $ROSE. While the previous bounces offer some historical context, I'd be curious to see what kind of volume accompanies any move out of this consolidation range.

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