SCRT PLUNGES INTO DEEP SELL-OFF ๐โ ๏ธ
$SCRT shattered the 4โhour order block around $0.0125, triggering a cascade of sell orders that pushed the price 22.8% lower in 24โฏhours. Volume spiked to $1.5โฏM, outpacing the average daily flow and indicating aggressive liquidation from leveraged positions. Momentum indicators have flipped: RSI is hovering in the highโ10s and the MACD histogram deepens negative, confirming accelerating downside pressure. ๐
The current price sits just above the $0.006733 support zone, a level that previously anchored a narrow consolidation range. A break below this floor would expose $0.0065 and, if breached, could open the path to $0.0060, redefining the market structure as a bearish channel rather than a healthy retracement. The proximity to the dayโlow of $0.0067 suggests the support is under intense stress, and orderโflow data shows increasing sellโside aggression at each bounce. โ ๏ธ
If $SCRT can staunch the decline and rebound above $0.0075, the midโrange $0.01235 may act as a shortโterm target, offering a potential pivot back toward the $0.0179 resistance zone. Absent that, the downside narrative remains dominant. ๐
DYOR
Follow for Updates
#SCRT #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare
$SCRT shattered the 4โhour order block around $0.0125, triggering a cascade of sell orders that pushed the price 22.8% lower in 24โฏhours. Volume spiked to $1.5โฏM, outpacing the average daily flow and indicating aggressive liquidation from leveraged positions. Momentum indicators have flipped: RSI is hovering in the highโ10s and the MACD histogram deepens negative, confirming accelerating downside pressure. ๐
The current price sits just above the $0.006733 support zone, a level that previously anchored a narrow consolidation range. A break below this floor would expose $0.0065 and, if breached, could open the path to $0.0060, redefining the market structure as a bearish channel rather than a healthy retracement. The proximity to the dayโlow of $0.0067 suggests the support is under intense stress, and orderโflow data shows increasing sellโside aggression at each bounce. โ ๏ธ
If $SCRT can staunch the decline and rebound above $0.0075, the midโrange $0.01235 may act as a shortโterm target, offering a potential pivot back toward the $0.0179 resistance zone. Absent that, the downside narrative remains dominant. ๐
DYOR
Follow for Updates
#SCRT #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare