🚀 Technical Analysis: $SCRT

/USDT on Binance 📊

Current Price: $0.5279

24h High: $0.5925

24h Low: $0.4639

24h Change: +13.02%

SCRT has been on a strong upward trajectory, with a significant 36.45% increase over the last 7 days and a solid 141.64% gain in the last 90 days. Let's break down the technical outlook and target levels for potential price action.

Key Levels to Watch 🎯:

1. Support at $0.4639 (24h Low)

SCRT has shown strong support near this level. If the price retraces, we expect the $0.4639 level to hold as a strong area to bounce back. A breakout below this could signal a deeper pullback.

2. Resistance at $0.5925 (24h High)

The recent high of $0.5925 represents an important resistance level. If SCRT manages to push past this, it could lead to more bullish momentum. Watch for a breakout above this level for possible further upside.

3. Target at $0.6000

A potential target for bullish traders could be the $0.6000 mark. If the price holds above $0.5500 and breaks through $0.5925, the next key psychological level is $0.6000. This would represent a solid continuation of the uptrend.

Key Indicators:

Volume: 54.39 million SCRT traded in the last 24 hours, showing strong market participation.

RSI: Watch for any overbought conditions on shorter timeframes, as price consolidation may follow sharp moves.

Trading Strategy:

Bullish scenario: If SCRT breaks above $0.5925 with high volume, look for continued momentum towards the $0.6000 level.

Bearish scenario: If SCRT fails to hold above the support at $0.4639, it may experience a short-term pullback, which could offer buying opportunities at lower levels.

🚨 Always ensure to use stop-loss orders to manage risk in case of unexpected price reversals.

Stay tuned for more updates and happy trading on Binance!

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