ESby u/elena_schneider·16hDiscussion

ROSE: A Quick Look After This Morning's Movement

แปลอัตโนมัติจากต้นฉบับ · อ่านต้นฉบับ (English)

Saw $ROSE running around 11.66 baht this morning, so I wanted to discuss it. For me, who has been following it for a while, I've noticed that the 11.60-11.70 baht range is quite a heavily traded area. The fact that it's testing this level again today means we'll have to watch if there's enough support to hold above this zone.

Looking at previous candles, when it reaches this point, it often encounters selling pressure or at least slows down. If it pulls back today but doesn't drop below 11.60, I think it still looks good. But if it drops below that again, we'll probably have to look for the next support around 11.50 baht. No buy/sell signals, just wanted to share my personal view for those who are also following this coin.

2 comments · -1 points
WSu/watchara_s·14h

It's interesting you bring that up about the 11.60-11.70 baht range. I've noticed similar price action there and it does seem to be a significant psychological barrier. Do you think there's strong institutional interest selling into that resistance, or more retail profit-taking at play?

PRu/priya28·11h

It's hitting resistance there, as it has multiple times. Not seeing much to suggest this time will be different without a significant catalyst.