Long
MCOBTC Opportunity for 74% Potential Profit
#MCOBTC is currently at strong support zone and is completing a bullish divergence pattern.
The price of #MCOBTC is lower while the RSI is getting higher during the same period.
Both are bullish news for #MCOBTC and we can expect a strong bounce back from here towards the given targets
as shown on the diagram. If this is not the case, and #MCOBTC breaks below the support zone we should exit
and expect #MCOBTC to follow the dashed line path towards the second support zone.
Traders can open short or long term trades accordingly.
Entry: Green zone
T1: 4883 sat (13% profit)
T2: 5259 sat (22% profit)
T3: 5685 sat (32% profit)
T4: 7502 sat (74% profit)
Stop Loss: Below the green zone
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The price of #MCOBTC is lower while the RSI is getting higher during the same period.
Both are bullish news for #MCOBTC and we can expect a strong bounce back from here towards the given targets
as shown on the diagram. If this is not the case, and #MCOBTC breaks below the support zone we should exit
and expect #MCOBTC to follow the dashed line path towards the second support zone.
Traders can open short or long term trades accordingly.
Entry: Green zone
T1: 4883 sat (13% profit)
T2: 5259 sat (22% profit)
T3: 5685 sat (32% profit)
T4: 7502 sat (74% profit)
Stop Loss: Below the green zone
If you like my analysis LIKE this post and FOLLOW me.
Note
First target easily reached and 13% profit booked
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