Quick Profit Trading Signal For
$SCR Entry Range: $0.6300 - $0.6400
Action: Buy 📈
SL (Stop Loss): $0.6100
TP 1: $0.6600
TP 2: $0.6800
TP 3: $0.6900
🥂 Trade Now 👇
$SCR 🚨 Note: Trade at your own risk. DYOR.
Analysis of the Signal:
Price Performance: SCR is showing an upward movement of 3.80% in the last 24 hours, which reflects positive momentum in the short term. The low was $0.6148 and the high reached $0.6897. This shows the asset is in a range and currently closer to its recent high.
Volume: While volume is down by 13.18%, the 3.79% price increase indicates that there’s still some buying interest at the current price range.
Support & Resistance Levels:
Support seems to be building at around $0.6100, so any pullbacks to that level could be considered a buying opportunity.
The next resistance is around $0.6900, and with a break above that level, further upside can be expected towards $0.7000 and beyond.
Target Ranges:
TP1 at $0.6600, TP2 at $0.6800, and TP3 at $0.6900 seem reasonable if the price continues its bullish momentum. This aligns with recent highs and the asset’s behavior in the last 24 hours.
Reversal Possibility Trade Setup (Bearish Scenario)
If SCR fails to break the recent high and starts showing signs of weakness, a reversal setup may be triggered:
Entry Range: $0.6200 - $0.6300
Action: Sell 📉
SL: $0.6800
TP 1: $0.5900
TP 2: $0.5600
TP 3: $0.5400
Reason for Reversal:
All-Time High: The recent all-time high was around $1.45, and with the current price trading far below, the asset might face resistance near the $0.6900 mark.
Bearish Divergence: If price struggles to maintain its recent gains, or volume continues to fall off, there could be a reversal back to previous lower levels.
A drop below $0.6100 would indicate further weakness and open the way for further downside targets.
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