SALT reached strong support line at around 27.100 satoshi. Now we can see a bullish triangle being formed, with 2 important lines: one support (below) and one resistance (above). We are waiting for that upper line to be broken for some bullish movements.
The best strategy to invest into breakout (in triangles) is to either buy very cheap at the bottom of the triangle, or, if you have missed that price, buy at the breakout, when price will fall again and bounce off resistance line, which will become new support.
It's always better to buy at breakouts, because the lower support line can sometimes be broken. That's why invest with stop-loss.
In my analysis I'm using Fibonacci Levels, Elliott Wave principles, Support and Resistance lines, Candle Patterns and formations, like Head and Shoulders or Triangles (latter more often than the former).
DISCLAIMER
I’m not a certified financial advisor nor a certified financial analyst nor an economist nor an accountant nor a lawyer. The contents posted by me are for informational and entertainment purposes only. Don follow any analysis blindly, and make your own decisions. Always plan your trades and play with stop-loss.
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