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$SCRT /USDT Quick Analysis: Watching the Bounce
âBased on the 1D chart, SCRT/USDT is showing a strong +9.97% bounce today, trading at 0.1963 USDT after a significant correction from its recent peak of \approx0.3310.
âKey Technical Takeaways
âPrice Action: The asset found temporary support around the $0.17 range and is pushing higher.
âMACD: Remains bearish (Histogram at -0.0028). The overall correction momentum is still dominant, but weakening.
âRSI(6): Neutral at 54.76. Short-term momentum is balanced, showing a slight increase in buying pressure.
âThe Crux
âThis bounce needs to see follow-through. For a confirmed reversal, SCRT must break and hold above $0.2050. Failure to hold the $0.19 support could lead to a retest of the $0.17 low.
âIs this a sustainable bounce or a temporary dead cat? What's your play?
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