Current Market Overview
The $SCR /USDT pair is showcasing strong upward momentum, currently trading at $1.097 with a 5.18% gain over the past 24 hours. This price action marks a breakout above the critical resistance level at $1.090. The 24-hour high of $1.103 highlights sustained buying pressure, indicating continued bullish sentiment in the market.
Technical Indicators
RSI: Currently at 76.18, signaling overbought conditions but still supporting the ongoing bullish trend.
MACD: Positive momentum continues to build, suggesting further upside potential.
Trading Strategy
Entry Point: Consider entering around $1.095.
Take-Profit Targets:
TP1: $1.110
TP2: $1.120
TP3: $1.130
Stop-Loss: Position stop-loss at $1.070 to manage risk effectively.
Outlook
With bullish sentiment supported by increasing trading volume, $SCR/USDT appears well-positioned for short-term gains. Traders are encouraged to maintain disciplined risk management by adhering to the suggested stop-loss and take-profit levels.
