There is a possible trade upside with MCO/BTC. At the time this was written MCO was trading at 0.001124BTC on Binance. The resistance is 0.001180BTC based on Fibonacci and other technicals. The upside is around 0.001480BTC and 0.001600BTC.
Enter Trade: 0.001180BTC
Stop Loss: 0.0008700BTC
Possible Exits: 0.001480BTC and 0.001600BTC
That is 30% and 45% profits respectively. If you would like to be more aggressive, another exit is at 0.002000BTC that is 80% profit.
Disclaimers
- Investments in cryptocurrencies are highly risky. Invest at your own risk and use your judgement.
- I am not your financial adviser so follow any advise here at your own risk
- I have invested a small amount in MCO/BTC trade
- I am just trying to learn by trading.
Happy Investing. May this be an early Christmas gift for people.