Despite the apparent accumulation, I think one more push-down is possible to force weak hands and make disgruntled bag-holders from the summer finally give up and conclude that Sia is finished once and for all (I've already seen such voices on the forums). Therefore, I'd be careful, the low might be temporarily broken to the downside, maybe even sharper than my line anticipates. Then I see it springing up towards the kumo.
Personally, I'll be getting in in tranches. Start slow. If it dips, I'll add more.
Another scenario (not indicated on the chart) is a bigger break-down and quick touch down to 100 sats.
You probably noticed that Sia stayed relatively stable during the latest btc dip. This might be further indication that it is nearing a bottom.
Personally, I'll be getting in in tranches. Start slow. If it dips, I'll add more.
Another scenario (not indicated on the chart) is a bigger break-down and quick touch down to 100 sats.
You probably noticed that Sia stayed relatively stable during the latest btc dip. This might be further indication that it is nearing a bottom.
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