$SCR đ Technical Analysis of SCR/USDT on Binance đ
đ Current Price: $1.22 (+1.66% change)
The SCR/USDT pair has been showing some interesting movement recently. Let's break down the technicals and identify key targets đŻ to watch:
đ Key Levels to Watch:
1. Target 1: Resistance at $1.394 đ
The pair has reached a recent high of $1.394, marking a strong resistance level. If the price breaks above this level with strong volume, we could see a potential continuation of the bullish trend. Watch for a breakout above this resistance for a possible move higher.
2. Target 2: Support at $1.121 đ
On the downside, $1.121 is a significant support level. If the price retraces, this level may hold and offer a buying opportunity. A strong bounce from here could set the stage for a rebound towards higher levels.
3. Target 3: Parabolic SAR at $0.838 đ
The Parabolic SAR is currently at 0.838, indicating a potential trend reversal or continuation. If the price reaches this level, it could signal a potential shift in momentum. Keep an eye on this for any signs of trend changes.
đ Additional Insights:
24h High: $1.394
24h Low: $1.134
24h Volume (SCR): 31.54M SCR
24h Volume (USDT): 39.85M USDT
đ Conclusion:
The SCR/USDT pair has shown strong upward momentum, but we must keep an eye on these key targets. A breakout above $1.394 could push the price higher, while a test of $1.121 may provide an opportunity for a bounce. As always, it's important to monitor the market closely for any signs of trend reversal, especially with the Parabolic SAR in play.
đĄ Disclaimer: This is not financial advice. Always do your own research (DYOR) before making any trading decisions.
#SCRUSDT #TechnicalAnalysis #CryptoAnalysis #Trading #Crypto