#CryptoTrading. #technicalanalyst #SignalđĽ. Technical analysis
$SCRT USDT â 15 min / 1 h timeframe
Current price â 0.1819 USDT
+21.35% over the last period â very strong vertical pump, breakout to high ~0.1922, now moderate pullback after momentum.
Price action and Bollinger Bands
⢠Price near the upper band (~0.1907), powerful vertical breakout from the zone ~0.142â0.170.
⢠Middle band ~0.1703 â dynamic support, currently being tested on a pullback.
⢠Lower band ~0.1498 â bands are strongly extended = high volatility.
⢠The structure is still a classic pump with a fairly healthy short-term pullback.
Volumes
⢠Current volume ~7.6M â high surge on buy candles.
⢠MA(5) ~18.9M, MA(10) ~12.4M â volumes increased significantly during the upward movement, buyers are still active.
Key indicators
⢠MACD â DIF 0.0078, DEA 0.0065, MACD 0.0013 â histogram is positive and still expanding - strong bullish momentum.
⢠RSI (6/12/24) â 60.3 / 63.2 / 60.9 â overbought is average, there is still room to move to the 75â85+ zone.
Current assessment
The momentum remains bullish, the pullback has not yet broken the middle band and looks like a healthy correction after +21%. The structure supports continuation for now, but there are already signs of short-term overbought.
đ˘ Long (medium risk â continuation of momentum)
Entry: 0.1790 â 0.1825 (current zone or pullback to the middle band ~0.170)
TP1: 0.190 â 0.192
TP2: 0.198 â 0.205+
SL: 0.173 â 0.175 (below the middle band)
R/R: ~1:3â1:4
Comment: Good setup if it holds above 0.179â0.180 and volumes do not fall. High probability of continuation until MACD is bullish and price breaks the middle band downwards.
đ´ Short (high risk â attempt to fade the top)
Entry: 0.189 â 0.192 (retest of the high or upper band)
TP1: 0.180 â 0.178
TP2: 0.172 â 0.170 (middle band)
SL: 0.195+
R/R: ~1:3
Comment: Very risky in such a strong movement. Need a clear rejection + falling volumes + slowing MACD. Countertrend option, low probability now.