SCRT/USDT: The price is showing signs of recovery after a strong increase, however, profit-taking pressure is still present.

The current price is trading around 0.5186, up 19.82% in the past 24 hours. Previously, SCRT had an impressive growth phase, peaking at 0.6845 before correcting to the support area around 0.45. Currently, the price is fluctuating near the MA5 line, indicating signs of balance after the adjustment.

Resistance: 0.56 and 0.60 are the nearest resistance levels to watch if SCRT continues the uptrend.

Support: 0.50 and 0.45 are strong support areas that need to be maintained to avoid a deeper downtrend.

RSI: Currently at 65, indicating that the market is approaching the overbought zone but has not exceeded the dangerous threshold.

MACD: The MACD line has crossed above the Signal line, confirming a short-term recovery signal.

Trading strategy: With the current trend, investors may consider waiting for the price to adjust closer to 0.50 to enter a buy order, with a profit target at 0.56 or higher. A stop loss should be placed below 0.45 to minimize risk.

#SCRT #TechnicalAnalysis #Crypto