SALT - Great entry, low risk trade

SALT is in a bullish trend and a great crypto for your medium and long term portfolio. Accumulate on pullbacks and this is a great opportunity to trade for short tern or just HODL.

Here's what I see:

- Nice pull back to key fib level
- Bullish divergence
- Double bottom pattern
- Upward trend
- MACD turning up

Only enter with a break above resistance (green) and stop loss below recent price support.

Do your own research, take action, manage risk!

Kommentera:

No real buy signal offered although it looked as if a breakout was imminent and since then it has retraced lower down offering a better entry point.

Big spike lows (flash crashes) would have stopped us out if we were in the trade.

I'll update this a little later as there seems to be a great buy set up forming:

- Bullish divergence

Will look to go long from here - watch updates.