$SCRT Long
Entry Point:
- Entry: 0.4875 - 0.4750
- DCA Level: $0.4354
Stop Loss:
- Stop Loss: Manual 4-Hour Close Below $0.4141
Leverage:
- Range: 5X to 15X
Target:
- Final Target: $0.8049
Reasoning:
The price is bouncing off a significant support area, making this a favorable scenario for a long position, especially given the bounce from the 65% Fibonacci level, along with its alignment with the quarterly and yearly 4-hour volume-weighted average prices (VWAPs). While not a perfect setup, the use of Fibonacci levels and VWAPs in this context offers a strong strategic basis for entry.
Rating:
This setup is rated 8/10.