TylorHunn

SLR:BTC Minimal Loss entry for Solarcoin

BITTREX:SLRBTC   None
Solarcoin is currently in a decending triangle pattern with a positive moving RSI and a MACD that is pushing upwards. It looks like this is in a bullish formation, but know that this is a low market cap coin so anything is possible. The volume on Bittrex (the exchange where most of its volume comes in from) is currently at 6.3 BTC for the day so there is very little trading of it happening right now. If it does break above, my guess is that it will result in a very quick spike (pump and dump style) and I will personally be looking to sell at around 3490 due to resistance at 3500. I would discourage buying until after you confirm that it has broken above this triangle because profit will still be roughly 30% with a high likelihood of reaching. If it breaks below, 1500 is the next major support. Good luck fam!!
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