$SCRT The recent short liquidation at $0.53972 involving $2.337K shows significant trader activity. This indicates that many traders were forced to close their short positions, potentially causing price volatility. Such events often signal a price trend reversal or the continuation of a bullish momentum, depending on the volume and broader market sentiment.

Next Steps.

Buy Zone, Targets, and Stop Loss

1. Buy Zone.

Ideal entry range. $0.525 - $0.540

This zone provides a safer entry point, as it aligns with recent price support levels and accounts for market dips.

2. Targets.

Target 1: $0.565 First Resistance Level.

Target 2: $0.590 Strong Resistance Zone.

Target 3: $0.620 Stretch Target for Bullish Momentum.

3. Stop Loss.

Place your stop loss at $0.515 to minimize risks in case the market turns bearish.

Technical Insights.

1. Support Level: $0.525 This is the recent low and acts as a strong support area.

2. Resistance Levels: $0.565, $0.590 Key levels to watch for price rejection.

3. Indicators.

RSI.

Check if RSI is near 40-50 before entering. Overbought conditions above 70 may indicate a short-term correction.

Volume.

Increasing volume near $0.540 may confirm buying momentum.

Caution for Traders.

Monitor Bitcoin’s movement, as broader market trends influence altcoins like $SCRT.

Avoid chasing price if it breaks above $0.550 without consolidation. Wait for retests near support levels.

Would you like more help analyzing other coins or further technical details.

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