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.

Market: MCOBTC
Buy: 0.001150
Stop: 0.000980
Profit Targets: 0.001300 and 0.001500

The trading signal is based on Bitfinex chart.
Disclaimer: The analyst does not have investments in Monaco.

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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.