MFT/BTC long
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.