#SCRUSDT It had been trading within a clear symmetrical triangle on the 4-hour timeframe after a long downtrend. The price action shows continuous higher lows and lower highs, indicating pressure for volatility and an approaching expansion phase.
Currently, the price is testing the resistance of the upper trend line while remaining above the short-term moving averages, indicating early bullish momentum.
Key Points:
- Structure: Symmetrical Triangle (Possible Continuation or Reversal)
- Trend Context: Bearish → Consolidation → Possible Reversal
- The volume profile shows a high volume node around the current price, acting as a decision area
- The exponential moving averages are starting to flatten, indicating a shift from bearish to neutral.
Trading Idea:
- Entry: Break and close above triangle resistance
- Stop Loss: Below the latest higher high / triangle support (~0.0398)
- Target: 0.075+ (Measured move and previous resistance area)
Alternative Scenario:
If the price fails to break resistance and loses support, expect a move towards the minimum and the broader bearish trend may continue.
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