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$SCR Showing Early Rejection Signals 📉🔥
$SCR is starting to face strong selling pressure near its local breakout resistance zone after a sharp recovery rally. The recent price action suggests that bullish momentum is slowing down, while sellers are gradually stepping back into control. 👀
Current candle formations on lower timeframes are showing weakness around resistance, increasing the possibility of a short-term corrective move if key support levels fail to hold. The market reacted aggressively near the recent highs, and rejection candles are now beginning to form — a signal traders should monitor closely. ⚡
If bears continue applying pressure from the current resistance area, SCR could revisit lower support zones in the next sessions. Momentum is now shifting into a more cautious phase as traders wait for confirmation of the next move. 📊
📉 Short Trade Setup: • Entry Zone → $0.0524 – $0.0529
• TP1 → $0.0512
• TP2 → $0.0500
• TP3 → $0.0485
• Stop Loss → $0.0538
📌 Market Outlook: • Trend: Short-Term Bearish Pressure
• Structure: Weakening Near Resistance
• Focus: Watching support reaction and rejection continuation
Price action around resistance remains extremely important here. If rejection continues building, sellers may attempt to extend the downside move toward deeper support levels. 🔥
Buy and Trade
$SCR 🔥
⚠️ Disclaimer: This post is for informational and educational purposes only and is not financial advice. Cryptocurrency markets are highly volatile and risky. Always do your own research and apply proper risk management before trading or investing.
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