$SCRT has shown clear signs of rejection after failing to sustain the breakout with a strong bearish reversal candle on high volume.
Price has broken below the recent base confirming distribution and aggressive seller dominance as selling pressure overwhelms buyers.
This kind of sharp drop below support typically signals strong downside momentum and as long as price stays below the breakdown zone further decline remains highly probable.
Momentum is clearly in favor of bears right now.
Trade Setup (Short)
Entry Range: 0.1090 – 0.1115
Target 1: 0.1040
Target 2: 0.0990
Target 3: 0.0920
Stop Loss (SL): 0.1150
SCRT
0.108
-1.72%