$SCRT — Is the Market Luring Bears Into a Trap?
Long
$SCRT Entry Zone: 0.09392 – 0.09455
Stop Loss: 0.09236
Targets:
TP1: 0.09611
TP2: 0.09674
TP3: 0.09799
4H chart shows a potential reversal zone forming — this could be a classic bear trap.
Daily trend remains bearish, but short-term momentum is building, with 15m RSI at 60.34 indicating buyers are stepping in.
Entry zone (0.09392 – 0.09455) is a critical inflection point, offering a favorable risk-reward.
Strategy: If price holds above 0.0939, the setup favors a bounce toward our TP levels. Keep an eye on the daily trend for any strong rejections that could signal a resumption of the downtrend.
🚀 Action: Consider entering within the zone with defined risk, trail stops if momentum extends.
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