Salt (SALT) - New member's buy alert

Dec 10, 2018 --- Altcoins

Salt (SALT) - New member's buy alert

6th December we added to our SALT position and by keeping our position size low we can limit our down side while allowing for diversification. The crypto market has had 11 months of being beaten up to endure but we are starting to the see some signs of demand entering back in. Having said that the overall sentiment is still very negative so capital management will be of utmost importance.  SALT setup has triggered off a daily double bottom which was confirmed on volume. While price made a lower low OBV did not and volume profile is suggesting this is a strong accumulation zone. Momentum wise both weekly and daily Willy are oversold with the daily just starting to exit the oversold position and with plenty of upside left, MADC is also positive. Overall this is a good trade location and internals will provide a wind behind the bulls sails.

 

LONG position off the 0.0000xxx - 0.0000xxx with a stop just below 0.0000xxx and a target of 0.0000xxx 

 

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