gillianpatrice
Panjang

MCO/USDT - Waiting for a break up and retest.

BITTREX:MCOUSD   Monaco / Dollar (calculated by TradingView)
Monero is a core holding of mine. I wish to add to my position for the long term. My BiAS is LONG.
MCO             is currently in no-man's land. I can not begin to tell you how many trades I've taken that were in this realm. All bad.
There's nothing to do yet. I've set my alarm at 20.23. I will wait for price to break up on the daily and close the candle above the resistance and then prepare.
I will open my chart on an hrly and draw the level of support and resistance .
Then I will set a limit at this area to buy.
Simple. That is all there is to do. The hard part is following what you said you would do. This is personal integrity and this becomes important in growing your account.
I've set some simple targets to scale for profit. However, I will hold my position past these initial areas of resistance.
If you feel more comfortable and are comfortable with a higher risk trade you could take the trade from the upward sloping support line. you don't have much time or room to exit if price reverses on you.
Remember anything could happen!
Komen: Sorry read Monero for Monaco.
Monero or Monaco?
+1 Balas
@Interim, Thank you - I amended my mistake.
Balas
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