$SCR /USDT- Bullish Consolidation :(
Current Price: $0.3976
24h Change: +3.44%
24h Trading Volume: $29.35M
Market Cap: $75.5M
Circulating Supply: 190 million SCR
All-Time High (ATH): $1.44
Scroll ($SCR) is currently in a bullish consolidation phase. After bouncing from the $0.342 support level, the price is approaching resistance near $0.402–$0.414. A breakout above this resistance could trigger a sharp upward move. The market is exhibiting strong buying interest, with a 24-hour trading volume of $29.35 million, indicating healthy liquidity.
🔢 Fibonacci Levels: Retracement Status
Using the Fibonacci retracement method, SCR is currently approaching its limit of $1.092. Key Fibonacci retracement levels are:
23.6%: $0.0922
38.2%: $0.0922
50.0%: $0.0922
61.8%: $0.0922
These levels suggest potential support and resistance zones, with the price currently testing the 23.6% retracement level.
📈 RSI: 63.59 – Bullish Momentum
🎯 Entry Zones
Safer Entry: Wait for a confirmed breakout above $0.414 to enter long positions, ensuring that the upward momentum is sustained.
Aggressive Entry: Consider entering near the current price of $0.3976 if the price holds above the 23.6% Fibonacci level at $0.0922, with a tight stop-loss.
💰 Take-Profit Zones
TP1: $0.418 – Previous resistance level.
TP2: $0.43 – Next significant resistance zone.
Achieving these targets would represent a substantial gain from the current price level.
🚫 Stop-Loss Ideas
Conservative Stop-Loss: Place below the 61.8% Fibonacci level at $0.0922 to allow for some volatility.
Tight Stop-Loss: Set just below the 50.0% level at $0.0922 to minimize risk.
$SCR is currently trading in a bullish consolidation phase, testing key Fibonacci retracement levels. Traders should monitor support and resistance levels, Fibonacci zones, and RSI indicators to make informed decisions.
