Long
Long MCO/BTC Good Risk to Word Ratio
MCO just broke out of the short-term downtrend after being listed on hitbtc. With the bitcoin rise, and the alts correction, it re-tested the break and is starting a reversal. I like the RSI nearing oversold, the 0.5 Fib test and reversal and the break from the downtrend. It is a good risk to reward trade. Place stops below recent lows (highlighted on chart).
Good Luck!
Good Luck!
Note
Slow but still on track. Hang in there
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.