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Ideas on the chart. Thoughts welcome.
If it breaks this trendline then we'll see some nice highs, but I'm expecting it to breakdown
Here sys could be about to break out of this corrective downward trend line. Nearing levels of strong historical support. RSI nearing oversold. MACD crossed over on the 2hour chart.
After the recent breakout, it seems to head higher due to rebranding in December and positive momentum. As you can see on the RSI there is support around 50, which got tested and not broken.
SYS Coin to my belief has a lot of room to move downwards to beneath the 618 and possibly bounce off of either the 618 or the 786. Set buy orders in at both and when filled 5% stop loss.