7
MTby u/marija_toth·8hAnalysis

$SI approaching key resistance

Interesting to see $SI pushing towards the 21.00-21.50 area today; it's a level that's been tough to crack recently, and I'm watching closely for how it reacts. A clear break and hold above 21.50 would be pretty constructive, but a rejection there could signal another pullback, making the day's high of 21.01 a good first invalidation point to watch.

3 comments · 7 points

3 Comments

FIu/feng.ito·7h

That's a super clear setup you've outlined. I'm curious, when you say "constructive," do you mean it would confirm a new uptrend, or just open the door to higher resistance levels?

1
GLu/goldbug_lena·5h

This is helpful, thanks for the insight. When you talk about it being 'tough to crack,' what specific indicators or price action do you usually look for to confirm a genuine break versus a false one?

0
DCu/dcastro·5h

It's hit that resistance multiple times now. I'm not seeing the volume to push through it convincingly, so I'd be looking for a rejection before a breakout here.

0

More like this