$SCRT /USDT Technical Analysis
Current Price: $0.7090
Trend: Bearish (Down 12.66% in the last 24 hours)
Support and Resistance Levels
Immediate Support: $0.6980
Next Support: $0.6800
Immediate Resistance: $0.7300
Major Resistance: $0.7600
Indicators Overview
Relative Strength Index (RSI): Currently at 32 (oversold zone), indicating a potential reversal.
Moving Averages (MA):
50 EMA: $0.7400 (above the current price, acting as resistance)
200 EMA: $0.8000 (long-term bearish outlook)
MACD: Bearish crossover, but momentum is weakening.
Trade Signals
Long Position (If price holds above $0.6980):
Entry Zone: $0.7000–$0.7100
Targets:
1. 🎯 $0.7300
2. 🎯 $0.7600
3. 🎯 $0.8000
Stop Loss: $0.6800
Short Position (If price breaks below $0.6980):
Entry Zone: $0.6950–$0.7000
Targets:
1. 🎯 $0.6800
2. 🎯 $0.6600
3. 🎯 $0.6400
Stop Loss: $0.7150
Trade Momentum
Bullish Momentum: Above $0.7300 (RSI recovery + breakout confirmation).
Bearish Momentum: Below $0.6980 (continuation of the downtrend).