$SCR coin analysis on the hourly frame:
1. Price Action:
Current price: 0.862 USDT.
24-hour rise: +22.62%, reflecting strong buying momentum.
Today's high: 0.868 USDT.
Today's low: 0.687 USDT.
2. Technical indicators:
Moving Averages (MA):
MA7 (red): 0.802, reflects the short-term bullish trend.
MA25 (blue): 0.757.
MA99 (yellow): 0.751.
All averages show a positive crossover, confirming the bullish trend.
Relative Strength Index (RSI):
RSI(6): 90.416, in the overbought zone, indicating a possible correction soon.
MACD Indicator:
A positive crossover between the DIF line and the DEA line is visible, with increasing green bars, reflecting the strength of the bullish momentum.
♥ Recommendations:
If you own the currency:
You can consider taking profits at the following resistance levels: 0.868 or higher.
With a stop loss order placed at a level close to 0.80 to protect against any sudden decline.
If you plan to buy:
Wait for the price to pull back to support levels (such as 0.80 - 0.81) before entering to avoid risks resulting from overbought conditions.
4. Warnings:
A clear overbought condition in the RSI may lead to an imminent correction.
Watch the trading volumes, as they appear high, which increases the possibility of price volatility.
