SCR/USDT Technical Analysis & Trade Signal
Current Price: $1.24 (+4.28% in 24 hours)
Technical Overview:
Trend: Bullish momentum is evident as the price is currently up 4.28% in the last 24 hours, approaching key resistance levels.
Support Level: $1.191 (24h Low) – A strong support area where the price could bounce.
Resistance Level: $1.360 (24h High) – A critical resistance that could limit upward movement.
Moving Averages: The price is trading above key moving averages, signaling an uptrend.
RSI (Relative Strength Index): Likely approaching overbought territory, so traders should watch for potential pullbacks.
Trade Signal:
Buy Signal: Enter when price is near support at $1.191 or if price breaks above $1.25.
Stop Loss: Below $1.18 to manage risk in case of a pullback.
Target Levels:
1. First Target: $1.30 – A moderate resistance level.
2. Second Target: $1.35 – A stronger resistance zone, near 24h high.
3. Third Target: $1.40 – Potential for further gains if bullish momentum continues.
Momentum:
Current Momentum: Bullish with strong upward movement, but watch out for a possible consolidation or slight correction as the price approaches resistance.
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