Overview: $SCR$/USDT has shown strong upward momentum in the latest 4-hour session. The price surged significantly from a 24-hour low of $0.821 to a high of $1.182, indicating a bullish breakout. The current price sits at $1.105, breaking above the MA(7) and MA(25), confirming a bullish trend shift.
Entry Price: Consider entering near $1.05 - $1.10 for better trade execution, as this aligns with minor retracement zones after the breakout.
Key Levels:
Support: $1.00, $0.935
Resistance: $1.18, $1.20
Take-Profit Targets:
1. $1.15
2. $1.18
3. $1.25
Stop Loss Level: Place your stop loss at $0.92 to minimize risk in case of unexpected reversals.
Cautionary Note: Traders should watch for price stability above $1.10 or signs of another breakout past $1.18. If the price fails to hold above $1.00, it could signal weakness or a return to the consolidation phase.