$SCRT SCRT/USDT Market Analysis

Current Price: $0.5173 🔻 (-6.96%)

24h Range: $0.5139 - $0.5578

24h Volume: 13.19M SCRT

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Technical Insights:

EMA (7): $0.5213 (Price below EMA (7), indicating short-term bearish momentum).

EMA (25): $0.5308 (Strong resistance level).

EMA (99): $0.5350 (Bearish trend as price remains well below long-term EMA).

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Observations:

1. Support Zone: $0.5130 acts as an immediate support level. A breakdown here could see SCRT testing $0.5000.

2. Resistance Zone: $0.5300 is a key level to break for bulls to regain momentum.

3. Selling pressure persists, but slight consolidation near $0.5130 may hint at a potential rebound if volume increases.

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Trading Strategy:

Bearish Scenario:

Entry: Below $0.5130.

Targets: $0.5000, $0.4900.

Stop Loss: $0.5200.

Bullish Recovery:

Entry: Above $0.5300.

Targets: $0.5500, $0.5650.

Stop Loss: $0.5150.

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Note: Watch for a volume spike for trend confirmation. Current momentum favors bears, but a bounce from $0.5130 could offer a short-term recovery opportunity.

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