Technical Analysis for $SCR

/USDT

Current Price: 1.055 USDT

24h Change: +4.46%

Trend Analysis:

Short-Term Trend: Bullish, as the price is currently above key support levels and showing upward momentum.

Medium-Term Trend: Consolidating between 1.067 (resistance) and 0.992 (support), with potential for further upward movement.

Support Level: 0.992 (strong support zone)

Resistance Level: 1.067 (potential resistance)

Momentum Indicators:

RSI (Relative Strength Index): Likely in neutral to slightly overbought territory, indicating that the price might face some resistance at higher levels.

MACD: Positive momentum (bullish crossover) suggests continuation of the upward trend.

Volume: Moderate to strong, supporting upward movement.

Trade Signal:

Buy when the price breaks above 1.060, with bullish confirmation from the volume.

Sell/Take Profit at key resistance levels: 1.067, 1.080, and 1.090.

Stop-Loss: Set at 1.010 (below support).

Target Levels 🎯:

1. Target 1: 1.067 (Immediate Resistance)

2. Target 2: 1.080 (Secondary Resistance)

3. Target 3: 1.090 (Upper Resistance Zone)

Trade Momentum:

Current Momentum: Positive, with strong buying pressure.

Actionable Signal: Buy on breakout with a focus on resistance levels for profit-taking.

Always consider placing a stop-loss to manage risk effectively.

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