Technical Analysis and Trade Strategy $SCR
/USDT
Technical Analysis
1. Price Action Overview:
Current Price: 0.981 USDT
The price is currently near the middle of the Bollinger Bands (0.981), suggesting that SCR/USDT is in a neutral range, with a slight bullish sentiment as it's above the middle band.
The SAR (0.990) is also indicating an uptrend as it’s slightly below the current price, supporting the idea of bullish momentum.
2. Bollinger Bands Analysis:
Upper Band: 1.016 (Resistance level)
Middle Band: 0.981 (Current price level)
Lower Band: 0.945 (Support level)
Price is near the middle band, which suggests consolidation but with potential for upward movement if it breaks above the upper band (1.016).
4. Resistance & Support Levels:
Resistance: 1.016 (Bollinger Upper Band) and 1.032 (24-hour High)
Support: 0.945 (Bollinger Lower Band) and 0.915 (24-hour Low)
Trade Strategy with Target Keys 🎯
Bullish Scenario (Uptrend Continuation):
Entry Point: Look to enter near the current price (0.981) or if it pulls back toward 0.945 (lower Bollinger Band support).
Target 1 (🎯 Target 1): 1.016 (Bollinger Upper Band)
Target 2 (🎯 Target 2): 1.032 (24-hour High)
A strong resistance level; if the price breaches 1.016, it could test 1.032. Watch for any signs of a breakout.
Target 3 (🎯 Target 3): 1.05–1.07
If the momentum remains bullish, consider this as an extended target zone for a further upward move.
Bearish Scenario (Trend Reversal or Consolidation):
Entry Point: Look for price rejection at 1.016 or 1.032 to enter short. Alternatively, wait for a break below the 0.945 support level to enter short.
Target 1 (🎯 Target 1): 0.945 (Bollinger Lower Band)
If the price breaks below 0.945, this could signal a bearish move back toward the lower levels.
Target 2 (🎯 Target 2): 0.931 (previous low near 0.931)
Target 3 (🎯 Target 3): 0.915 (24-hour Low)
A major support level; if price declines below 0.945 and 0.931, it could eventually reach 0.915.