$SCRT
/USDT Technical Analysis & Trade Signal๐ฏ๐
Current Price: $0.5349
Momentum: Moderately Bullish, but showing signs of resistance around $0.5500.
Indicators Summary:
1. Bollinger Bands:
Price near the middle band ($0.5445).
Upper band ($0.5827) suggests a potential breakout if momentum builds.
2. SAR (0.02, 0.2):
Resistance near $0.5506. Break above this could trigger further upward momentum.
Key Support & Resistance Levels:
Support Levels:
$0.5060 (Lower Bollinger Band)
$0.4900 (Depth Level)
Resistance Levels:
$0.5506 (SAR Value)
$0.5827 (Upper Bollinger Band)
Trade Setup:
Long Entry:
Buy Zone: Between $0.5200 and $0.5350.
Confirmation: A breakout above $0.5506 (SAR resistance) with volume.
Target Levels ๐ฏ:
1. Target 1: $0.5820 (Upper Bollinger Band)
2. Target 2: $0.6200 (Psychological resistance near recent highs)
3. Target 3: $0.6500 (Extension from recent rally)
Stop-Loss:
Place a stop-loss below $0.5000 (key support) to manage risk.
Momentum:
Short-Term: Watch for a breakout above $0.5506 to confirm bullish momentum.
Medium-Term: If the price stabilizes above $0.5820, it could lead to sustained bullish momentum.
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