SC/USDT { SIACOIN } - BULLISH SETUP
ANALYSIS 🔎
- SC/USDT hit a swing high and retraced.
- Price is currently testing the key fibonacci retracement zone (0.618 - 0.702 - 0.786).
- There's a high concentration of buyers at this zone.
- The pullback retracement is resisted by the descending trendline resistance.
- Breakout above the descending trendline resistance could be a bullish signal.
BUY ENTRY ⬆️
- Conservative entry: breakout above the descending trendline resistance.
- Aggressive entry: key fibonacci retracement zone (0.618 - 0.702 - 0.786)
TARGETS 🎯
- Horizontal resistance level (@0.02013).
- Horizontal resistance level (@0.02219).
- Horizontal resistance level (@0.02335).
- Fibonacci extension levels 1.0 (@0.02726).
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level (@0.01537).
- SC/USDT hit a swing high and retraced.
- Price is currently testing the key fibonacci retracement zone (0.618 - 0.702 - 0.786).
- There's a high concentration of buyers at this zone.
- The pullback retracement is resisted by the descending trendline resistance.
- Breakout above the descending trendline resistance could be a bullish signal.
BUY ENTRY ⬆️
- Conservative entry: breakout above the descending trendline resistance.
- Aggressive entry: key fibonacci retracement zone (0.618 - 0.702 - 0.786)
TARGETS 🎯
- Horizontal resistance level (@0.02013).
- Horizontal resistance level (@0.02219).
- Horizontal resistance level (@0.02335).
- Fibonacci extension levels 1.0 (@0.02726).
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level (@0.01537).
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