$SCR
/USDT Technical Analysis and Trade Signal🚀🎯
Current Price: $0.81 (+0.62%)
Key Levels:
Support Level 1: 0.781 (24h low)
Support Level 2: 0.803 (Lower Bollinger Band)
Resistance Level 1: 0.823 (Upper Bollinger Band)
Resistance Level 2: 0.828 (24h high)
Technical Indicators:
Bollinger Bands (20, 2):
Upper Band (Resistance): 0.823
Middle Band: 0.813
Lower Band (Support): 0.803
Parabolic SAR: 0.820 (currently acting as a support level, confirming upward momentum)
Volume: 11.75M SCR, 9.48M USDT (Moderate volume suggests stability, but momentum can pick up)
Price Action:
The price is currently consolidating between the middle Bollinger Band (0.813) and the lower Bollinger Band (0.803).
Bullish Sentiment: The Parabolic SAR is indicating upward momentum as the price is above it. A potential break above the 0.823 resistance could push SCR toward higher levels.
Bearish Sentiment: If the price breaks below the support level of 0.803, we could see a retracement toward 0.781.
Trade Signal:
Buy Signal:
Entry: Buy around $0.81–$0.82, if the price holds above the Parabolic SAR level of 0.820.
Target Levels (Take Profit):
Target 1 (T1): 0.823 (Resistance level and upper Bollinger Band)
Target 2 (T2): 0.828 (24h high)
Target 3 (T3): 0.835 (Potential breakout above resistance)
Stop Loss (SL): 0.803 (below the lower Bollinger Band and Parabolic SAR)
Sell Signal (Bearish Momentum):
Entry: If the price drops below 0.803 and shows continued bearish movement.
Target Levels (Take Profit):
Target 1 (T1): 0.781 (24h low)
Target 2 (T2): 0.775 (next potential support level)
Stop Loss (SL): 0.820 (above the Parabolic SAR)
Trade Momentum:
Bullish Momentum: A sustained price action above the Parabolic SAR level of 0.820 and 0.823 resistance could indicate continued upward momentum. A break and hold above 0.823 would confirm a bullish trend continuation.
Bearish Momentum: A break below the support at 0.803 would suggest bearish momentum, with the next support at 0.781 and potentially lower levels.