🚨 SPIKE EXHAUSTION: SCR FACING STIFF OVERHEAD RESISTANCE!
A rapid vertical push has driven $SCR straight into a heavy supply barrier near the 0.02785 peak. With prices overextended on the hourly chart, momentum is shifting toward an impending correction.
📉 Short Setup Execution: SCR/USDT
• Sell Region: 0.02380 – 0.02450
• Invalidation Cap (SL): 0.02820
• Retracement Target 1: 0.02385
• Retracement Target 2: 0.02318
• Retracement Target 3: 0.02229
📊 Technical Rationale:
The candles are displaying noticeable overextension away from the MA(7) [0.02385], MA(25) [0.02318], and MA(99) [0.02304] benchmarks. As buying volume subsides following the sharp spike, sellers are positioned to push the price back toward fundamental support.
💬 What’s your play here? Are you fading this pump or staying patient? Let's discuss below! 👇#TrumpSaysUSReachedVenezuelaOilDeal #USShortTermTreasuryYieldsJump #SchwabPlansToAddSOLAVAXLINKTrading #BitcoinSpotETFEnds9DayInflowStreak #BitcoinSpotETFEnds9DayInflowStreak $SCR
A rapid vertical push has driven $SCR straight into a heavy supply barrier near the 0.02785 peak. With prices overextended on the hourly chart, momentum is shifting toward an impending correction.
📉 Short Setup Execution: SCR/USDT
• Sell Region: 0.02380 – 0.02450
• Invalidation Cap (SL): 0.02820
• Retracement Target 1: 0.02385
• Retracement Target 2: 0.02318
• Retracement Target 3: 0.02229
📊 Technical Rationale:
The candles are displaying noticeable overextension away from the MA(7) [0.02385], MA(25) [0.02318], and MA(99) [0.02304] benchmarks. As buying volume subsides following the sharp spike, sellers are positioned to push the price back toward fundamental support.
💬 What’s your play here? Are you fading this pump or staying patient? Let's discuss below! 👇#TrumpSaysUSReachedVenezuelaOilDeal #USShortTermTreasuryYieldsJump #SchwabPlansToAddSOLAVAXLINKTrading #BitcoinSpotETFEnds9DayInflowStreak #BitcoinSpotETFEnds9DayInflowStreak $SCR