📊 $SCR 4-Hour Chart: Bullish Momentum with Key Breakouts 🚀

SCR has been showing positive momentum after bottoming out at 0.533 on November 4th. Since then, the price has followed a steady uptrend, crossing key moving averages, which indicates strong bullish sentiment. Let’s break down the technicals and pinpoint the opportunities! 👇

🕵️‍♂️ Key Observations:

1️⃣ EMA 50 & EMA 200:

Price is trading above both the EMA50 (1.157) and the EMA200 (0.992), a classic signal of bullish momentum. The Golden Cross (when EMA50 crosses above EMA200) supports mid-term bullish continuation. 📈

2️⃣ Support & Resistance Zones:

Strong support established around 1.00–1.05 (EMA convergence).

Key resistance sits near 1.20–1.25, which aligns with recent highs.

3️⃣ MACD Indicator:

MACD lines are slightly bearish as they crossed downwards, signaling a pullback.

However, if price holds the 1.05 zone, buyers may step in to drive a rebound. 🔄

4️⃣ RSI Levels:

RSI hovering around 45–50 suggests neutral momentum but room for upside.

A bounce above 50 could confirm the next bullish leg. 🚦

🎯 Trade Setup:

✅ Recommended Entry:

Look for entries near the 1.05–1.10 range if the price confirms a rebound with volume.

🎯 Target 1: 1.20

🎯 Target 2: 1.30 (mid-term target if momentum strengthens).

⛔ Stop-Loss:

Place a stop below 0.99 to limit downside risks.

⚠️ Note: Volume spikes during pullbacks are key! A bullish bounce with rising volume will confirm buyer interest.

🔥 Key Takeaway: SCR has broken out of its downtrend and is now consolidating above major EMAs. With the uptrend intact, any retracement towards 1.05 presents a solid opportunity for an entry targeting 1.20–1.30. Keep a close eye on the RSI and volume confirmation. 🚀

Are you ready to capitalize on this move? Drop your thoughts! 💬📉📈