Short

ROSE mcap red flag

106
With ROSE trading lower along with its token release schedule, the ROSE market cap chart has proved to be a very good indicator for TP and demand zones. Over the bear market the ROSE market cap chart has developed into a very clear descending triangle. I have been day trading ROSE throughout this bear market and today's daily close saw the first break below the triangle base. Which to me is a bad sign

Currently looking to sell rallies back toward the 220M mcap ~0.03866 ROSEUSD

If ROSE regains that 220M mcap level will be bullish, until then I am bearish, despite the already very low price

The tv ROSE market cap chart doesn't show the full timeline, so linked is another chart with a clearer overview

https://charts.cointrader.pro/snapshot/1MPqm

charts.cointrader.pro/snapshot/1MPqm]https://charts.cointrader.pro/snapshot/1MPqm

Potential targets on USD pair marked here:

snapshot

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