$SCRT /USDT Short Trade Setup
$SCRT has rallied aggressively, pushing into a fresh 24-hour high and extending well beyond its recent range. With price trading above the 1-hour upper Bollinger Band and RSI near 78, the market appears stretched in the short term.
Open interest has increased alongside the rally, while long positioning has become increasingly crowded. In a broader sideways market, this creates the potential for a pullback if buyers fail to sustain momentum.
Trade Setup
- Entry: $0.06400–$0.06520
- Take Profit 1: $0.06000
- Take Profit 2: $0.05500
- Take Profit 3: $0.04800
- Stop Loss: $0.06750
A sustained move above $0.06750 would invalidate the bearish setup. Until then, the risk-to-reward continues to favor a disciplined short bias.
$SCRT
#RMJ_trades
#BinanceTurns9
#JapanBondYieldHits30YearHigh
#HongKongCompletesFirstGoldTradeSettlement
$SCRT has rallied aggressively, pushing into a fresh 24-hour high and extending well beyond its recent range. With price trading above the 1-hour upper Bollinger Band and RSI near 78, the market appears stretched in the short term.
Open interest has increased alongside the rally, while long positioning has become increasingly crowded. In a broader sideways market, this creates the potential for a pullback if buyers fail to sustain momentum.
Trade Setup
- Entry: $0.06400–$0.06520
- Take Profit 1: $0.06000
- Take Profit 2: $0.05500
- Take Profit 3: $0.04800
- Stop Loss: $0.06750
A sustained move above $0.06750 would invalidate the bearish setup. Until then, the risk-to-reward continues to favor a disciplined short bias.
$SCRT
#RMJ_trades
#BinanceTurns9
#JapanBondYieldHits30YearHigh
#HongKongCompletesFirstGoldTradeSettlement