đš 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.
đ Short Setup Execution: SCR/USDT
âą Sell Region: 0.02380 â 0.02450
âą Invalidation Cap (SL): 0.02820
âą Retracement Target 1: 0.02385
âą Retracement Target 2: 0.02318
âą Retracement Target 3: 0.02229
đ 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.
đŹ Whatâs your play here? Are you fading this pump or staying patient? Let's discuss below! đ#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.
đ Short Setup Execution: SCR/USDT
âą Sell Region: 0.02380 â 0.02450
âą Invalidation Cap (SL): 0.02820
âą Retracement Target 1: 0.02385
âą Retracement Target 2: 0.02318
âą Retracement Target 3: 0.02229
đ 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.
đŹ Whatâs your play here? Are you fading this pump or staying patient? Let's discuss below! đ#TrumpSaysUSReachedVenezuelaOilDeal #USShortTermTreasuryYieldsJump #SchwabPlansToAddSOLAVAXLINKTrading #BitcoinSpotETFEnds9DayInflowStreak #BitcoinSpotETFEnds9DayInflowStreak $SCR