SCRT PLUNGES THROUGH KEY ORDER BLOCK šā ļø
$SCRT plunged 23.66% in the last 24āÆhours, carving through the 4āhour orderāblock that anchored near $0.0105 and exposing a sharp sellāside imbalance. Volume spiked to $1.5āÆM while price tested the $0.006733 support zone, suggesting aggressive liquidation pressure from macroāallocation desks that have been trimming exposure after the recent equity rally š§. The break below the $0.0070 pivot also invalidated the bullish bias formed on the daily chart, turning the prior midārange $0.01235 into a potential resistance trap.
On the downside, the next liquidity bucket sits at $0.0062, and a decisive close below $0.0065 would confirm a structural breakdown, opening the path to the $0.0055ā$0.0050 corridor š. Conversely, a bounce back into the $0.0075ā$0.0080 band could signal a healthy correction, allowing $SCRT to retest the broken orderāblock and regain upward momentum ā ļø. Traders should monitor the 15āminute VWAP and any resurgence of buying pressure above $0.0085 as a possible reversal trigger š».
DYOR
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#SCRT #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare
$SCRT plunged 23.66% in the last 24āÆhours, carving through the 4āhour orderāblock that anchored near $0.0105 and exposing a sharp sellāside imbalance. Volume spiked to $1.5āÆM while price tested the $0.006733 support zone, suggesting aggressive liquidation pressure from macroāallocation desks that have been trimming exposure after the recent equity rally š§. The break below the $0.0070 pivot also invalidated the bullish bias formed on the daily chart, turning the prior midārange $0.01235 into a potential resistance trap.
On the downside, the next liquidity bucket sits at $0.0062, and a decisive close below $0.0065 would confirm a structural breakdown, opening the path to the $0.0055ā$0.0050 corridor š. Conversely, a bounce back into the $0.0075ā$0.0080 band could signal a healthy correction, allowing $SCRT to retest the broken orderāblock and regain upward momentum ā ļø. Traders should monitor the 15āminute VWAP and any resurgence of buying pressure above $0.0085 as a possible reversal trigger š».
DYOR
Follow for Updates
#SCRT #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare