The $SCRT /USDT trading pair has captured the attention of investors with its impressive 33.55% price surge today and a 31.98% rise over the past week. After months of stagnation, the recent breakout has sparked optimism, with many wondering if the bullish trend will continue or if a pullback is imminent.
Current Market Analysis
SCRT has shown strong upward momentum, breaking past key resistance levels and staying above its 7-day and 25-day moving averages. The increasing 24-hour trading volume (~134.13M SCRT) further validates the growing interest. However, caution is advised as the price approaches the upper range near 0.6845 USD, which could signal a potential correction.
Trading Strategies
1. Look for Pullbacks:
Investors are advised to wait for pullbacks to 0.45–0.50 USD before entering, as this range offers a lower-risk entry while maintaining upside potential.
2. Follow Key Indicators:
Monitor the 7-day (0.3405 USD) and 25-day (0.4403 USD) moving averages. A price stay above these levels confirms the bullish trend. Additionally, check RSI and MACD for signs of overbought conditions or trend reversals.
3. Volume Validation:
Strong trading volume supports bullish momentum. Ensure volume continues to rise alongside price to confirm sustained market interest.
4. Set Stop-Loss Orders:
To avoid losses, set a stop-loss slightly below 0.40 USD to protect your capital in case of an unexpected trend reversal.
Conclusion
SCRT/USDT is showing signs of recovery with solid bullish momentum. While the breakout is promising, disciplined trading and proper risk management are essential. For now, buying during pullbacks or after confirming sustained momentum is the safest approach. Stay vigilant and trade wisely!
