SANBTC has a good risk to reward trade
SANBTC is forming a rounding bottom formation. Yesterday, while most altcoins were falling sharply, it held its own. It is close to breaking out of a major resistance at 0.00022889, above which, it has a clear path to 0.00031. However, the trade should be only attempted once SANBTC breaks out of 0.00023 levels. The stop loss can be kept at 0.000195, just below yesterday's lows.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.