SIA has been in a strong upward channel. The recent market crash correction fell 36% to 307, and recovered up to the 620 area quickly. The price has found support in the channel boundary as well as previous areas of support.
MACD & volume indicators are in agreement.
Buy zones: 580 627
Sell Zones: 690 810
Stop loss: 518
Follow, share and like for more regular trading analysis. Comments welcome. Tweet for quick responses.
- Tenjin Crypto @Tenjin_Crypto
As always, do not overextend on a position. Hold with 70% of portfolio and trade with 30% or less depending on your risk model.
Set alerts on blockfolio or whatever alert software you use for either sell areas or stop losses.