Technical Analysis for $SCR
/USDT:
Current Price: $1.117
Trend: Bullish (up +10.27% in the last 24 hours)
Resistance Levels:
1st Target: $1.139
2nd Target: $1.150 (Potential resistance breakout level)
3rd Target: $1.170 (Higher resistance for a continued upward trend)
Support Levels:
1st Support: $1.083 (Immediate support)
2nd Support: $1.027 (Strong support if the price retraces)
Momentum:
The price has recently broken through resistance levels, showing bullish momentum.
Moving averages suggest short-term upward pressure, and RSI is not yet overbought, indicating room for further growth.
Trade Signal:
Entry Point: $1.117 (Current price)
Buy Target: $1.139 (First resistance target)
Stop Loss: $1.083 (Support level to limit risk)
Trade Momentum:
The upward momentum is supported by volume and current price action.
A break above $1.139 could lead to a continuation towards $1.170.
Conclusion: Consider entering around the current price ($1.117) with targets at $1.139, $1.150, and $1.170. Maintain a stop loss near $1.083 to manage risk.
