ranadagger

SANBTC has a good risk to reward trade

BITFINEX:SANBTC   Santiment / Bitcoin
SANBTC is forming a rounding bottom formation. Yesterday, while most altcoins were falling sharply, it held its own. It is close to breaking out of a major resistance at 0.00022889, above which, it has a clear path to 0.00031. However, the trade should be only attempted once SANBTC breaks out of 0.00023 levels. The stop loss can be kept at 0.000195, just below yesterday's lows.