SCR/USDT Technical Analysis & Trade Signal:
Current Price: $1.32 (+14.98%)
Technical Analysis:
1. Price Action: SCR/USDT has experienced a significant bullish move (+14.98%) recently, reaching a high of $1.394 and a low of $1.146 in the past 24 hours.
2. Trend: The price is currently in an uptrend, but there’s a possibility of a pullback given the recent high at $1.394.
3. Support/Resistance:
Support: $1.146 (24h low)
Resistance: $1.394 (24h high), near-term resistance at $1.418
4. SAR (Parabolic SAR): At 1.156, indicating the potential for a trend reversal if the price dips below this level.
5. Momentum: Bullish momentum is strong but may slow near resistance levels.
Trade Signal:
Buy Signal: If the price holds above $1.32, the bullish trend should continue.
Stop Loss: Set near $1.146 (24h low) or just below the SAR at $1.156 for added protection.
Target Levels 🎯:
1. Target 1: $1.394 (24h high) – First resistance level.
2. Target 2: $1.418 – Strong resistance level and potential for further upside.
3. Target 3: $1.45 – Psychological level with further bullish momentum.
Momentum:
Bullish: Market momentum is currently strong, and if the price stays above $1.32, it’s likely to test higher levels.
Watch: A drop below $1.156 (SAR) would indicate a shift in momentum, suggesting caution or potential short positions.
In summary, SCR/USDT has a bullish outlook with key resistance targets at $1.394 and $1.418. However, traders should monitor for any signs of reversal near the SAR level at $1.156.
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