$SCRT /USDT Technical Analysis & Trade Signal

Current Price: $0.5287 (+12.25%)

Timeframe: 1D

Technical Indicators Overview:

1. Moving Averages (MA):

Price trading above the 50-day MA, indicating bullish momentum.

The 200-day MA at $0.4500 serves as a strong support level.

2. Relative Strength Index (RSI):

RSI at 68, approaching overbought levels, signaling strong momentum but a potential pullback.

3. Volume Analysis:

Increased 24-hour volume indicates strong buying interest.

4. Key Support & Resistance Levels:

Support: $0.5000, $0.4639

Resistance: $0.5500, $0.5925

Trade Setup:

Entry Point:

Buy between $0.5200-$0.5300 for an optimal risk-reward setup.

Targets 🎯:

1. Target 1: $0.5500 (Short-term resistance)

2. Target 2: $0.5800 (Approaching previous high)

3. Target 3: $0.6200 (Breakout potential above 24h high)

Stop Loss:

$0.4950 (Below key support level)

Trade Momentum:

Bullish Momentum:

Strong buying pressure is driving the price higher, supported by high volume and upward-trending MA.

Caution:

RSI nearing overbought levels; partial profit booking at T1 is advised.

Trade Signal:

Buy Zone: $0.5200-$0.5300

Targets: $0.5500, $0.5800, $0.6200

Stop Loss: $0.4950

#BinanceAlphaAlert #MicroStrategyStockSale #BTCBelow92K #SolvProtocolMegadrop