Trade Recommendation: Siacoin

The market gives us a new buy opportunity. Let’s look at the 1H chart of Siacoin. We can see that the price bounced from the support zone formed by the main uptrend line and 0.00000157 support level. The double bottom chart pattern gives us a trend reversal signal. Also a bearish divergence, formed by the price and RSI, confirms that the market is going to move upward. We should be ready to catch this possible price movement. Pending orders for buy must be placed above the local swing high at 0.00000173 level. Stop orders must be below the support zone at 0.00000155 level. The main profit target should be at 0.00000190 level and other part of trading volume can be closed at 0.00000215 level. If the market drops below the uptrend line, the buy orders must be deleted. If you don’t use leverage, recommended trading volume for this trade is up to 3% from your deposit.

Market: SCBTC
Buy: 0.00000173
Stop: 0.00000155
Profit Targets: 0.00000190 / 0.00000215

The trading signal is based on Poloniex chart.

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