Trade Setup: $SCR
Long Update
Support is holding firm as a bullish recovery begins to take shape. After a healthy pullback, a higher low has formed, with buyers stepping back in to signal a likely continuation move.
🎯 Execution Plan
Entry Zone: $0.04200 – $0.04300
Stop Loss (SL): $0.04050
Take Profit Targets:
TP1: $0.04480
TP2: $0.04750
TP3: $0.05050
🔍 Market Analysis
Technical indicators are showing a shift in momentum. On the 4H timeframe, $SCR is finding significant demand within the $0.041 – $0.042 support cluster. With the RSI recovering from oversold conditions and volume beginning to trend upward, the path of least resistance appears to be toward the upside.
Strategy: This setup capitalizes on the "buy the dip" sentiment following the recent ecosystem-driven volatility. We are looking for a clean break above the immediate resistance at $0.044 to confirm the strength of this recovery.
The bulls are back in control—manage your risk and stick to the plan. 📈