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myceliium

SALT: Attempting Breakout

Long
myceliium Updated   
BITTREX:SALTBTC   None
Trend Analysis Technical Indicators Chart Patterns SALTBTC altcoins Cryptocurrency
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trendanalysis indicator chartpattern saltbtc altcoins cryptocurrency
BITTREX:SALTBTC is currently getting squeezed between support and resistance which may lead to an early breakout. Price is bouncing off the 100MA on the 2HR, pushing the price against current resistance. I would suggest waiting for breakout to enter since the market is still in a a precarious position at moment.

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Comment:
Breakout Confirmed (Caution, Weak Breakout)
SALT squeezed through because 100MA support didn't break...
High probability we will se a quick dip.

Suggested Strategies:
Stagger limit orders in Entry Zone
Take Profit at Fib. Resistance

Entry Zone: .0008500/.0009000
TP: .00120000/.00180000
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