SALT/BTC is in a bullish breakout from a sideways range. This opens up a bullish rebound scenario.
- In the 1H chart, SALT/BTC is in a bullish breakout after trading in a sideways range for a couple of sessions.
- There is upside to 0.00056 area .
- I am not that bullish because of the recent bearish nature of price action.
- At most, I would consider leaving 1/3 position to run to 0.00064.
- Let's start with a general trade idea:
- Entry: 0.00046900
- Stop: 0.00043200 (-7.89%)
- Target 1) 0.00052000 (+10.87%)
- Target 2) 0.00059800 (+27.51%)
- Target 3) 0.00064000 (36.46%)