Technical Analysis: $SCR /USDT
Current Price: $1.03
24h High: $1.037
24h Low: $0.997
24h Volume: 8.21M SCR / 8.48M USDT
24h Change: -0.58%
Market Trend: Neutral to slightly bearish (due to a small negative price change and volume fluctuations)
Key Indicators:
RSI (Relative Strength Index): The RSI is likely showing a neutral to slightly overbought condition based on the current price movement. Need to monitor for any signs of overbought conditions.
MACD: Awaiting confirmation for buying or selling signals depending on further price action.
Support Level: $0.997 (recent low)
Resistance Level: $1.037 (recent high)
Trade Signal:
Buy Zone:
Entry Range: $1.00 - $1.03 (on a dip or consolidation near support)
Stop Loss: $0.995 (slightly below the support to manage risk)
Target Levels:
1. Target 1 (T1): $1.05 (near the previous high)
2. Target 2 (T2): $1.08 (next level of resistance)
3. Target 3 (T3): $1.12 (extended bullish target)
Momentum:
Trade Momentum: Bearish momentum in the short term, as indicated by the slight decrease in price and negative 24h change. If the price holds above support, we could see a rebound.
Volume: The 24h volume is fairly high, suggesting active trading. The slight decrease in volume during the price dip could indicate that selling pressure is weakening.
Strategy:
Short-Term Strategy: Look for opportunities to buy near the $1.00 – $1.03 zone. Keep a tight stop loss below $0.995 to manage risk.
Long-Term Strategy: If momentum picks up, adjust stop losses to lock in profits at each target level. Consider scaling out once price approaches the higher targets.