Action:
Long Position (if price breaks above resistance)
Short Position (if price breaks below support)
Entry Range:
- Long: $0.5100 - $0.5250
- Short: $0.4850 - $0.4700
Analysis:
SCRT is currently showing signs of potential consolidation near its 24-hour high of $0.5334 and support around $0.4633. With a sharp drop in 24-hour volume (-81.22%), the token is likely stabilizing before its next major move. Traders can anticipate a breakout or breakdown depending on market sentiment.
Scalping Strategy:
- If the price sustains above $0.5100 with strong volume, it may trigger a bullish momentum. Enter long between $0.5100 - $0.5250 with a stop loss 1% below entry and a take profit between $0.5253 - $0.6038.
- Conversely, if SCRT breaks below $0.4850, it may signal bearish pressure. Enter short between $0.4850 - $0.4700 with a stop loss 1% above entry and a take profit between $0.4700 - $0.4550.
Always monitor live order books and volume changes to confirm your entry and exit points. Consolidation patterns suggest potential for rapid movement, making this ideal for scalping.
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🚨Note: Trade at your own risk. DYOR (Do Your Own Research).