$SCR /USDT Technical Analysis and Targets
š Current Price: $1.044 (-8.42%)
š Timeframe: 30m
$SCR /USDT is in a pronounced downtrend, trading near its 24-hour low of $1.036 after a series of lower highs and lower lows. Bears dominate the market, but potential reversal or continuation levels provide actionable targets.
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Targets Identified:
1. Immediate Support: $1.00
A key psychological level and potential consolidation zone. Traders should watch for a bounce or a decisive break below this level.
2. Resistance Level 1: $1.10
A recovery to this level could test the bearish momentum. It also marks a short-term resistance zone.
3. Major Resistance: $1.20
Breaking this level would indicate significant buying momentum, potentially reversing the current trend.
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Trading Suggestions:
Short-Term: Look for a possible retest of $1.00, with stop-losses slightly below $0.98.
Mid-Term: If price breaks above $1.10, partial profits can be secured at $1.15 while observing volume confirmation.
Long-Term: A sustained move above $1.20 may shift market sentiment, targeting further upside.
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š” Pro Tip: Stay vigilant for increasing volume at $1.00 or $1.10, as these levels could signify trend reversals or breakout continuations. Employ trailing stop-losses to protect profits.
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