SCR/USDT Technical Analysis š: Buying, Selling, and Stop Loss Targets šÆ
Current Price: 0.959 USDT
Support Level: 0.843 USDT
Resistance Level: 0.965 USDT
Trading Data:
24h High: 0.965 USDT
24h Low: 0.843 USDT
24h Volume (SCR): 25.16M
24h Volume (USDT): 22.99M
Technical Analysis:
Price Trend: SCR is up by +7.75%, reflecting strong bullish momentum.
RSI (Relative Strength Index): RSI suggests an overbought condition, signaling a potential pullback.
Moving Averages: Price is approaching a resistance zone, indicating a potential price reversal or breakout.
Support and Resistance Zones: The next support level lies at 0.843 USDT, while resistance is found at 0.965 USDT.
Step-by-Step Trading Strategy:
Buy Signal:
Look for buying opportunities near the support zone around 0.843ā0.860 USDT.
If the price breaks above 0.965 USDT, it could signal further upward movement.
Sell Signal:
Take profit near resistance levels, around 0.965ā0.975 USDT.
Extended targets could reach 1.00 USDT if bullish momentum continues.
Stop Loss:
Place a stop loss below the support level of 0.843 USDT to protect against further downside.
Target Price:
Short Term: 0.965ā0.975 USDT.
Medium Term: 1.00 USDT, contingent on a successful breakout.
Important Notes:
SCR is showing strong bullish momentum, but caution is advised as it nears resistance.
Watch for a breakout above 0.965 USDT to confirm further upward movement.
Monitor the support at 0.843 USDT for potential buying opportunities if the price pulls back.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and trade responsibly.