Currently trading at 1.300, SCR/USDT is at a critical juncture, making it a prime focus for traders. Let’s break down the key levels and possible moves:
📉 Support & Resistance:
Support is strong at 1.250, where the price has historically bounced. If this level is broken, we may see a test of 1.200.
Resistance is at 1.350, a level where selling pressure has previously emerged. A clean breakout above this could send the price toward 1.400.
📈 Trend & Strategy:
The current price action is consolidating near 1.300, and the market looks poised for a potential breakout. A move above 1.350 could signal a bullish continuation, while a drop below 1.250 may lead to a bearish reversal.
RSI is in the neutral zone, suggesting indecisiveness in the market, while MACD shows a potential bullish crossover, hinting at upward momentum.
💡 Entry Strategy:
Watch for a break above 1.350 for a potential long trade, targeting 1.400. Alternatively, a dip to 1.250 could provide a buy opportunity for a bounce back toward resistance.