/USDT at a pivot point - get ready to move! 🔥🚨
Here is the latest analysis based on the 15-minute chart of $SCR /USDT price:
Current price: 0.720
Recent High/Low: 0.746 / 0.706
💡 Critical levels to monitor:
Immediate Resistance: 0.733 - A break above this area could signal a fresh upside leg. If buyers recover to break this level, expect a rise towards 0.740 and possibly 0.748.
Key Support: 0.706 - If the price pulls back and breaks this support, it could signal a deeper pullback towards 0.700 or even lower.
📉 Bearish scenario:
If the current rally fails to hold above 0.720 and we see selling pressure build up, watch for a move towards the 0.706 support. A drop below 0.706 could lead to further declines, putting the bears in control.
🚀 Bullish scenario:
If SCR/USDT finds strong buying interest above 0.720 and breaks the 0.733 resistance, prepare for a potential rally towards 0.740 and 0.748. This will indicate a continuation of the current uptrend, attracting more buyers.
⚠️ What should our traders do?:
Bullish Entry: Consider entering a long position if the price breaks 0.733 with volume. Target levels: 0.740, 0.748. Use a stop loss below 0.720 to manage risk.
Bearish setup: Watch for a failure to test 0.720 and break 0.706. Short positions may target 0.700, with a stop loss at 0.733 to reduce risk.
Warning note:
Stay alert for sudden fluctuations, as rapid price shifts can determine the next direction of the market. Adjust your strategy based on confirmed breakouts or rejections at key levels.
Watch these moves, traders – the next big swing could be right around the corner.
