technical analysis and trade signals for $SCRT

/USDT:

Technical Analysis:

1. Current Price: $0.7356

2. 24h Price Movement: +6.49%

3. Support Levels:

First Support: $0.6836 (recent low)

Second Support: $0.6700 (possible further correction zone)

4. Resistance Levels:

First Resistance: $0.7374 (24h high)

Second Resistance: $0.7500 (psychological level)

5. Momentum Indicators:

RSI (Relative Strength Index): The RSI is likely moving towards the overbought zone, suggesting a possible pullback. Watch for levels above 70 for overbought conditions.

MACD (Moving Average Convergence Divergence): Positive momentum with the MACD line above the signal line, signaling a bullish trend.

Volume: Healthy volume, supporting the current uptrend.

6. Price Action:

The price has recently broken through resistance at $0.73, confirming a bullish momentum.

The support at $0.68 looks strong, but a break below it could lead to further bearish movement.

Trade Signals & Targets:

1. Buy Signal:

Enter at or near the current price of $0.7356 or if the price dips near $0.70 with a confirmation of support at this level.

2. Target Levels:

Target 1: $0.7500 (first resistance level)

Target 2: $0.7700 (next resistance zone)

Target 3: $0.7900 (bullish breakout level)

3. Stop Loss:

Set a stop loss below $0.68 to protect against a break of support.

Trade Momentum:

Bullish Momentum: The market shows strong bullish momentum with the price breaking resistance and higher volume. Monitor for signs of overbought conditions on RSI, as a correction could occur after the price hits resistance levels. If the momentum continues, the targets could be hit.

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