Trade Recommendation: Monaco

This trading idea is based on a retracement after the price falling. The market dropped to 0.001000 support level. This level can be a starting point for upward movement. RSI confirms price reversal and we should be ready to buy based on the reversal signal. Pending orders should be placed at 0.001220 level with stop below the support at 0.000980 level. Profit targets are 0.001500 and 0.001850 resistance levels. If you don’t use leverage, recommended trading volume for this trade is up to 10% from your deposit.

Market: MCOBTC
Buy: 0.001220
Stop: 0.000980
Profit Targets: 0.001500 and 0.001850

The trading signal is based on Bittrex chart.

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Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.