Trading Signals for $SCR Scroll

Action: Buy
Entry Range: $0.7100 - $0.7250
SL: $0.6950
TP: $0.7750

SCR has been experiencing a pullback in the recent trading period (-9.07% in 1 day). The price is currently in a consolidation range between $0.7097 (24h low) and $0.7935 (24h high). The market sentiment shows a slight upward pressure as it tries to form a base around the $0.7100 - $0.7250 range. With the current volume picking up, there might be a potential breakout if the price sustains within this range.

The overall trend has been downwards from the all-time high of $1.45, which suggests that we are in a short-term downtrend and consolidation is needed to form a potential reversal. Given the volume increase of 40%, there could be a good scalping opportunity. Entering around $0.7100 - $0.7250 seems to be optimal, with a stop-loss below the consolidation zone at $0.6950, which protects you from further downside. A reasonable take-profit target is $0.7750 (around 5% - 8% gain), in line with typical scalping targets.

🥂Trade Now $SCR

🚨Note: Trade at your own risk. DYOR.

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