$SCRT
Currently trading at $0.1630, testing resistance at $0.1650 while maintaining strong support at $0.1592. Despite the decrease in volume, the structure remains bullish. A breakout above $0.1650 may initiate a new higher phase.
Entry Area:
Conservative: $0.1610 – $0.1625
Aggressive: Break and close above $0.1650 with volume
Take Profit Targets:
TP1: $0.1680
TP2: $0.1720
TP3: $0.1750+
Stop Loss:
Basic stop loss: $0.1590
Alternative stop loss: $0.1570
Required confirmations:
Bullish candle near $0.1610
Increase in volume upon breakout above $0.1650
Relative Strength Index (4 hours) above 50
Warning:
Low volume = higher slippage and deception. Wait for confirmation or buy on dips.
Risk-Reward: 1:3
Final Note: SCRT is forming within a quiet range - tight structure, strong support. Continue to monitor the stop loss and manage volume carefully.