$SCRT

/USDT Technical Analysis and Trade Signals

Current Price: $0.3699 (+11.92%)

The pair is experiencing strong bullish momentum, breaking above the Bollinger Bands (UP: $0.3494), signaling potential overbought conditions but sustained upward pressure.

Technical Levels

Support Levels:

S1: $0.3494 (Bollinger Upper Band and psychological support)

S2: $0.3018 (SAR level and 24h low proximity)

Resistance Levels:

R1: $0.3900 (24h high)

R2: $0.4200 (psychological level and momentum projection)

Trade Momentum: Strong Bullish

Indicators Overview:

1. Bollinger Bands: Price above the upper band, signaling strong bullish momentum. A minor retracement could occur if overbought conditions persist.

2. Parabolic SAR: At $0.3018, far below the price, confirming a strong upward trend.

3. Volume: High trading volume (84.33M SCRT) supports the bullish breakout.

Trade Plan

Buy Setup

Enter near $0.3600-$0.3700 (current zone).

Place a stop-loss (SL) at $0.3000 (below SAR and Bollinger MB).

Target Levels 🎯

1. T1: $0.3900 (24h high, near-term target).

2. T2: $0.4200 (psychological and extended resistance).

3. T3: $0.4500 (potential bullish breakout zone).

Sell Setup (Short-Term Bearish Reversal)

If the price drops below $0.3494, consider shorting towards $0.3200-$0.3018.

Key Notes

Monitor volume strength for continued bullish momentum.

A break above $0.3900 with high volume can confirm T2 and T3 targets.

If the price consolidates below $0.3494, bullish strength may weaken, requiring adjustments to targets.

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