crypto_gunther
Short

Possible Opportunity to Buy MCO at $0.87

BITTREX:MCOUSD   Monaco / US Dollar (calculated by TradingView)
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We may have an opportunity to add to our long position at 87 cents. The price will most likely drop to $1.66 to retest support. I have a gut feeling that that support will break since the bounce was somewhat weak. The lowest possible price for this asset (thus far) is 63 cents. However, I am very content with stockpiling at 87 cents since that is close enough. No need to capture exact bottom. And, it isn't guaranteed that this asset will retrace 100%. In fact, it is actually very bullish since the price already retraced 94.27% from all-time high. Therefore, this token may decline over the short-term but it's a good long-term play. Obviously, this is my own opinion.
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