Trade Recommendation: Monaco
The trading idea is based on a reversal signal from 0.001000 support level. RSI confirmed price reversal and MACD histogram supports upward movement. DMI shows range market conditions and allows opening long trades. It’s a new trading opportunity. We can place buy orders above the local high at 0.001150 level with stop orders at 0.000980 level. Profit targets are 0.001300 and 0.001500 levels. The part of trade volume can be left for long run. If you don’t use leverage, trading volume for this trade is up to 10% from your deposit.
Profit Targets: 0.001300 and 0.001500
The trading signal is based on Bitfinex chart.
Disclaimer: The analyst does not have investments in Monaco.