🚨 SCRT Price Action: Critical Levels and Trade Setup Revealed! 🚨
The SCRT/USDT pair has surged by 46.56%, trading at $0.5137, with a 24-hour high of $0.6400 and low of $0.3494. The chart highlights recent profit-taking, with price consolidating above strong support and testing resistance levels.
Key Levels to Watch:
Resistance: $0.5400 – A breakout above this level could push SCRT toward $0.6000 or even $0.6400 in the short term.
Support: $0.5000 – Holding this zone is crucial to maintain bullish momentum. A drop below could trigger a retracement to $0.4600.
Entry Strategies:
1. Long Entry: Enter near $0.5000, targeting $0.5400, $0.6000, and $0.6400. Place a stop-loss at $0.4800 for risk management.
2. Short Entry: If the price breaks below $0.5000, enter short with targets at $0.4600 and $0.4200, keeping a stop-loss at $0.5200.
With EMA(7) and EMA(99) narrowing, volatility is expected. Watch for a decisive move from the current consolidation to catch the next trend!
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