SCR/USDT Technical Analysis 📊: Buying, Selling, and Stop Loss Targets 🎯

$SCR

Current Price: 0.959 USDT
Support Level: 0.843 USDT
Resistance Level: 0.965 USDT

Trading Data:

24h High: 0.965 USDT

24h Low: 0.843 USDT

24h Volume (SCR): 25.16M

24h Volume (USDT): 22.99M

Technical Analysis:

Price Trend: SCR is up by +7.75%, reflecting strong bullish momentum.

RSI (Relative Strength Index): RSI suggests an overbought condition, signaling a potential pullback.

Moving Averages: Price is approaching a resistance zone, indicating a potential price reversal or breakout.

Support and Resistance Zones: The next support level lies at 0.843 USDT, while resistance is found at 0.965 USDT.

Step-by-Step Trading Strategy:

Buy Signal:

Look for buying opportunities near the support zone around 0.843–0.860 USDT.

If the price breaks above 0.965 USDT, it could signal further upward movement.

Sell Signal:

Take profit near resistance levels, around 0.965–0.975 USDT.

Extended targets could reach 1.00 USDT if bullish momentum continues.

Stop Loss:

Place a stop loss below the support level of 0.843 USDT to protect against further downside.

Target Price:

Short Term: 0.965–0.975 USDT.

Medium Term: 1.00 USDT, contingent on a successful breakout.

Important Notes:

SCR is showing strong bullish momentum, but caution is advised as it nears resistance.

Watch for a breakout above 0.965 USDT to confirm further upward movement.

Monitor the support at 0.843 USDT for potential buying opportunities if the price pulls back.

Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and trade responsibly.
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#SRC
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