$SC
Siacoin ($SC) is looking pretty heavy right now, trading under all its major moving averages (MA7, 25, and 99). We’ve seen a -12% drop this week alone, and with the "Extreme Fear" sentiment in the air, it feels like we’re hunting for a solid floor.
If you’re looking for a quick scalp or a relief bounce play, keep it tight. The trend is still bearish, so don't get married to the position.
Here’s the setup I’m watching:
Entry Point (EP): $0.000911 – $0.000914 (Buying the current support retest).
Take Profit (TP): $0.000965 (Targeting the MA99 resistance for a quick exit).
Stop Loss (SL): $0.000885 (Getting out if it breaks the recent low to avoid a freefall).