MFT/BTC long

29 Des 2018

Looking at the daily on the mft/btc pair, we can see price approaching a support zone that began the run up in late August. I have marked out the 0%,50%, and 100% levels of the range it has been playing in. The 50% and 100% zones are the targets for the trade. Stop loss would be soft, meaning I would manually exit the trade with a daily or 4 hour close below support. Additionally, there is a bullish divergence building on the daily and 4H for both OBV and RSI. Flipping the Key S/R level would give more confidence to the trade.