astronautdotgg

SC - possible explosion

Long
BITTREX:SCBTC   Siacoin / Bitcoin
Siacoin has been consolidating in an ascending triangle for the past few weeks. There is clear resistance around 235 sats that has been around for many of the local highs. Support has been moving upwards, indicating that the coin will probably break upwards. Bollinger bands are getting very tight on the 4H as well as MACD becoming ready for a bullish crossover. I am buying SC while it is along support lines, around 217-225 sats and setting a stop loss around 205 sats. I have no targets yet, I am just going to ride the breakout and see where I can take profits - setting 'take profits' along the way.

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