$SCR /USDT Technical Analysis and Trade Signals

Current Price: $0.97 (+5.21%)

Time Frame: 1 Day (1D)

Technical Indicators:

Relative Strength Index (RSI): RSI currently sits at around 60, indicating moderate bullish momentum but no overbought conditions yet. A value above 70 would signal overbought, while below 30 would indicate oversold conditions.

Moving Average Convergence Divergence (MACD): The MACD line is above the signal line, indicating a bullish trend. The histogram is also positive, confirming that momentum is leaning upward.

Support & Resistance:

Support: $0.915 (recent low)

Resistance: $1.032 (recent high)

Trend: The 50-period and 200-period moving averages indicate a bullish trend as the shorter moving average (50-period) is above the longer one (200-period).

Trade Setup and Signals:

1. Entry Point:

Buy at: $0.97 (current price) or on any pullback to $0.931 for a better entry point near support.

2. Targets:

Target 1: $1.03 (previous high and resistance level)

Target 2: $1.10 (next potential resistance level)

Target 3: $1.15 (a strong resistance level that can be tested if bullish momentum continues)

3. Stop-Loss:

Stop-Loss: $0.91 (below recent support)

Trade Momentum:

Bullish Momentum: The MACD, RSI, and moving averages confirm that the market is in an overall bullish phase, with upward pressure. The positive movement over the past 24 hours (+5.21%) further strengthens this.

Medium-term Outlook: The price is expected to maintain upward momentum, potentially reaching $1.03 and higher targets. Watch for any significant pullbacks for better entry points near the support levels.

Short-term Trade: Consider taking profits at Target 1 ($1.03) and Target 2 ($1.10) for shorter trades. If the price pushes through these levels, Target 3 at $1.15 could be a final profit-taking area.

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