$SCRT
/USDT Technical Analysis and Trade Signal๐๐ฏ
Current Overview:
Price: $0.5220
Momentum: Strong bullish momentum with price breaking above Bollinger Bands (UP: $0.4709).
Parabolic SAR: Bullish signal with SAR at $0.3680.
24h High/Low: $0.5429 / $0.3008
Indicators and Momentum:
1. Bollinger Bands: Price breaking above the upper band indicates overbought conditions; momentum is strong but watch for potential pullbacks.
2. Parabolic SAR: Suggests continuation of the uptrend unless a reversal happens below $0.3680.
3. Volume: Increased 24-hour volume supports bullish sentiment.
Trade Signal
Trend: Bullish Momentum
Entry Zone: $0.5000 - $0.5220
Stop Loss: $0.4600 (below Bollinger middle band for risk management).
Target Levels:
๐ฏ Target 1: $0.5500 (near the recent high, short-term resistance).
๐ฏ Target 2: $0.5800 (breakout level with sustained volume).
๐ฏ Target 3: $0.6200 (next psychological resistance).
Key Notes:
A pullback towards the $0.4800-$0.5000 range could be a re-entry opportunity if volume supports the trend.
Monitor for corrections if price closes below the Bollinger middle band ($0.3703).