$SCRT /USDT TRADING SIGNAL ⚠️📉✅
Bullish Signal (Buy)
1. Strong Price Movement: The price has risen significantly (+58.47%), indicating strong momentum.
2. RSI (Relative Strength Index): At 75.25, the RSI is above 70, suggesting an overbought condition, but it also shows bullish strength.
3. Volume Increase: There is a visible spike in trading volume, which confirms the price move.
4. Moving Averages: The MA(5) and MA(10) indicate an upward trend.
Action: If you believe the bullish momentum will continue, consider a buy but use caution due to overbought levels.
Bearish Signal (Sell or Take Profit)
1. RSI Warning: RSI above 70 typically signals overbought conditions, meaning a pullback might be imminent.
2. Price Resistance: The price is near the 24h high ($0.5554), where sellers may take profits.
3. Volume Peak: Volume spikes often precede reversals as traders take profits.
Action: If you’re already in profit, consider setting a stop-loss or taking partial profits.
General Strategy for $SCRT
Use stop-loss orders to minimize risk. Place them slightly below support levels, such as $0.4840 or $0.4014.$SCRT