$SCR Bounce or Bluff❓ Setup on the 4H Chart❗$SCR Rebound or Dead Cat❓Watch the 0.281 Barrier❗After scraping a local bottom at $0.236,
#SCR bounced back with a decent run toward $0.281, but stalled out right under that level. Now, the price is caught between short-term optimism and longer-term bearish pressure.
Key Levels to Watch:
Resistance: $0.281
Support: $0.252
Breakout Zone: Above $0.283
Breakdown Trigger: Below $0.249
Stochastic RSI:
StochRSI: 79.85 (Overbought territory – possible cool-down)
MastoChRSI: 89.80 (Still holding momentum, but flattening)
Outlook:
SCR is trying to claw its way out of a heavy downtrend, but faces a tough resistance zone. If it fails to break above $0.281, sellers may step back in. However, a solid 4H close above $0.283 could trigger a fresh leg toward the $0.30 range.
Strategy Tip:
Wait for a 4H candle close above $0.281 to validate upside continuation.
If momentum fades and price slips below $0.252, expect a potential retest of $0.236.
Bias: Neutral-Bullish Price is trying to recover, but bulls must prove their strength above resistance.
#scr