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#SCRT is rebounding from the support trendline of a falling wedge pattern, showing early signs of recovery.
The 50MA is acting as a resistance barrier above the wedge, limiting upside for now.
A strong breakout of the wedge would confirm bullish momentum and could trigger a solid rally.
#SCRT/USDT analysis :
#SCRT is currently trading within a channel. The price is likely to move upward and test the channel's resistance. It is advisable to wait for a pullback to the support zone for a long entry, as the price is expected to continue its upward movement.
TF : 4h
Entry : $0.1958
Target : $0.2354
SL : $0.1793
#SCRT/USDT analysis :
#SCRT is in a downtrend, consistently trading below the 200 EMA. The price is currently trading in a resistance zone.
It is expected to be rejected from there and will soon continue its downward movement. Wait for the breakout of the $0.1960 level for a short entry; the previous lows will be the target.
TF : 30min
Entry : $0.1960
Target : $0.1742
SL : $0.2094
#SCRT result
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