SALCON : Retest Support and Rebound

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SALCON price break above 0.74 resistance previously with high volume. However, prices stop to rise but it is still supported at the previous resistance turn support.

Today price went up with high volume, which is very obvious that the market is clean from selling therefore the price is able to rebound from support 0.74.

Volume set up wise has not much selling pressure with high buying interest. This is a good opportunity for 2nd entry if you miss the breakout best entry.

Take note of resistance at 0.80, Stop Loss at 0.725.

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