$SCR $SCR

SCR/USDT Analysis: A Potential Reversal or Further Decline?

The $SCR USDT pair has been on a downward trend recently, forming a clear support level around 0.696. This level has held strong, indicating potential buying interest at this price point.

However, the recent price action suggests a bearish bias, with the price struggling to break above the resistance level of 0.728. A break below the support level could signal further downside potential.

Entry Strategy:

Bearish: For those leaning towards a bearish outlook, a short position could be considered below the support level of 0.696 with a stop-loss above the recent high around 0.728.

Bullish: For those who believe a reversal is imminent, a long position could be considered above the resistance level of 0.728 with a stop-loss below the recent low around 0.696.

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