FCT/BTC could be gearing up for a bull run now that it has broken a recent range.
- We can see that price broke above the range resistance around 0.00256300 satoshis
- This opens up the 0.0030 area.
- It might take off, but I still want to limit my risk and consider buying only if price is around 0.002460 or lower.
- The 4H chart below looks good too from the fact that price is able to break back above the cluster of moving averages.
- Also the RSI has tagged above 70 and has since held above 40, which shows maintenance of the bullish momentum in November.
Trade Plan with Reward to Risk:
- Entry at 0.00246000
- Stop at 0.00232500 (-5.49%)
- Target 1) 0.00280000 (+13.82%)
- Target 2) 0.00290000 (+17.89%)
- Target 3) 0.00315000 (+28.05%)