MCO/BTC (Test the 200D MA Resistance?)
MCO/BTC
-MCO found support at previous resistance zone last August 2019 trading action
-The 3500 sat zone is now confirmed as a strong key level of support
-A massive pump happened and broke the trendline resistance
-Currently, the price is holding above the previous support area
-This is a sign of strength after the strong breakout
-What MCO needs to do is to break the local resistance around 5000 sat level
-If that happens, the chances of testing the 200D MA dynamic resistance is high
-This is momentum trade setup so please use proper stop loss or tight SL
-MCO found support at previous resistance zone last August 2019 trading action
-The 3500 sat zone is now confirmed as a strong key level of support
-A massive pump happened and broke the trendline resistance
-Currently, the price is holding above the previous support area
-This is a sign of strength after the strong breakout
-What MCO needs to do is to break the local resistance around 5000 sat level
-If that happens, the chances of testing the 200D MA dynamic resistance is high
-This is momentum trade setup so please use proper stop loss or tight SL
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