MCO/BTC could see a nice bounce to the upside (LONG)
Reasons why MCO/BTC could go up:
- RSI oversold
- Every time the RSI was oversold there was a minimum 10% bounce to the upside so it will likely happen again
- The price is on a key support area so there is a good risk/reward ratio because stop-loss can be set just under the support level
Let me know your feedback!
thank you.
- RSI oversold
- Every time the RSI was oversold there was a minimum 10% bounce to the upside so it will likely happen again
- The price is on a key support area so there is a good risk/reward ratio because stop-loss can be set just under the support level
Let me know your feedback!
thank you.
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