🚀Trade Analysis for $SCR

/USDT

Current Market Overview

Current Price: $0.648

24h High: $0.663

24h Low: $0.533

Price Change (24h): +14.49%

24h Volume (SCR): 20.30M

24h Volume (USDT): 11.84M

Indicators Overview

1. Bollinger Bands (20, 2):

Upper Band: $0.630

Middle Band (SMA): $0.602

Lower Band: $0.573

2. Parabolic SAR: $0.595 (indicating bullish momentum)

Price Action Analysis

The price is currently above the middle Bollinger Band, which is bullish.

The significant move upward (+14.49%) indicates strong buying interest.

The current price is also above the Parabolic SAR, suggesting a continuation of the bullish trend.

Key Levels

Support Levels:

$0.602 (Middle Band)

$0.573 (Lower Band)

Resistance Levels:

$0.663 (24h High)

Trade Signals

Bullish Scenario

Entry Point: Consider entering a long position above $0.650 (if the price closes above this level).

Take Profit Levels:

First target at $0.663 (24h High).

Second target at $0.700 (next psychological level).

Stop-Loss Level: Below $0.595 to protect against a reversal (this is just below the current Parabolic SAR).

Bearish Scenario

Entry Point: If the price breaks below $0.595 and closes under this level, consider a short position.

Take Profit Levels:

First target at $0.573 (Lower Band).

Second target at $0.550 (psychological level).

Stop-Loss Level: Above $0.630 to minimize potential losses in case of a price reversal.

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