It might depend on how the Bitfinex situation resolves, but I am actually pleasantly surprised with the way the market has reacted thus far to finding out around 1% of the supply of bitcoin was stolen. If the markets don't like the resolution here the red squiggle may be the more likely route, if they do or it is insignificant then the black becomes more likely.
Down below there is a lot of support from the black trend line, as well as the 200 day moving average (a very relevant MA), also the .236 fib from the finex drop which is also where the recent low was (in terms of closing price). So good stop below these levels. If we do test them, and they fail to break can even add more to long.
Opening up two longs here, one with short term target one with a longer term more aggressive target and stop.