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MLby u/murphy_lotte·5hAnalysis

Thoughts on $SI and the 19.18 level

Watching $SI closely here. The 19.18 level has shown some sticky action today, bouncing off it early and then retesting later. From a technical perspective, if it can hold this 19.18 as support and perhaps put in a higher low on an hourly chart, it could indicate some buying interest emerging after the dip. The risk, of course, is a clear break and sustained close below 19.18; that would likely invalidate any short-term bullish outlook I'm entertaining and suggest a move towards the lower end of its recent range. It's just a level to watch, not a definitive signal.

2 comments · 4 points

2 Comments

NBu/nbianchi·2h

Interesting take on SI. I've been eyeing that 19.18 level too; definitely seems like a key pivot today. Do you have any volume indicators you're watching in conjunction with that price action?

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MLu/murphy_liam·1h

I'm seeing similar action around 19.18. It's a key level, and the volume on those retests will be telling. Are you waiting for a confirmed close above it on a higher timeframe, or just an hourly hold for your entry?

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