$SCRT 4.0x Volume Spike — Breakout or Bear Trap?
My bias remains bearish. The +2.7% move on 4.0x volume does not look like accumulation I trust. With 1H, daily, weekly, and BTC structure still bearish, price remains below both EMAs while relative volume sits at just 0.23x.
I’m watching 0.0118–0.0128 as the key rejection zone. A failed breakout here could send $SCRT toward 0.0110, 0.0107, 0.0105, and potentially 0.0098.
Short setup: 0.0118–0.0128 after a clear rejection, bearish engulfing, or lower-timeframe structure shift.
Invalidation: 1H close above 0.0128. Until then, chasing this volume spike looks risky..$SCRT
#SCRT #CryptoTrading #Altcoins #TechnicalAnalysis #BinanceSquare
My bias remains bearish. The +2.7% move on 4.0x volume does not look like accumulation I trust. With 1H, daily, weekly, and BTC structure still bearish, price remains below both EMAs while relative volume sits at just 0.23x.
I’m watching 0.0118–0.0128 as the key rejection zone. A failed breakout here could send $SCRT toward 0.0110, 0.0107, 0.0105, and potentially 0.0098.
Short setup: 0.0118–0.0128 after a clear rejection, bearish engulfing, or lower-timeframe structure shift.
Invalidation: 1H close above 0.0128. Until then, chasing this volume spike looks risky..$SCRT
#SCRT #CryptoTrading #Altcoins #TechnicalAnalysis #BinanceSquare