🚀 $SCRT /USDT: BEARISH TREND WITH POTENTIAL REVERSAL 📉💡
The $SCRT /USDT pair is currently trading at $0.6713, showing a decrease of 3.53% over the last 24 hours. The 24-hour high is $0.7053, and the 24-hour low is $0.6284. The chart shows a consistent downtrend with the price below the 50-period Exponential Moving Average (EMA), indicating bearish momentum. However, recent price action suggests a potential reversal as the price attempts to break above the EMA.
📊 Trade Scenarios:
- Bullish Scenario:
- Entry: $0.6713
- Take Profit (TP): $0.7000, $0.7200
- Stop Loss (SL): $0.6600
- Bearish Scenario:
- Entry: $0.6600
- Take Profit (TP): $0.6400
- Stop Loss (SL): $0.6800
📈 Market Outlook:
The market is at a critical juncture. A break above the 50 EMA could signal a bullish reversal, while failure to do so may continue the bearish trend. Traders should watch for key levels and volume to confirm the next move.
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