Price: 0.222 | EMA7: 0.22 | EMA25: 0.21 | RSI14: 53.91 | Resistance: 0.3425 | Support: 0.1455 | Average Volume: 5926377.32 | Volume Trend: Increasing
Based on the 1-day technical analysis of SCRTUSDT:
- The price is currently above the EMA7 and EMA25, indicating a short-term uptrend.
- The RSI14 (53.91) is in a neutral zone, indicating no overbought or oversold conditions.
- The MACD is slightly bullish, supporting the uptrend.
- However, the price is still below the resistance level at 0.3425, suggesting a potential consolidation or pullback before further upswing.
As a short-term strategy, consider a Long entry at $0.22-$0.23 when the EMA7 crosses above EMA25 (trend continuation). A take-profit target can be set around the resistance level at $0.3425.
If a more aggressive entry is desired, using a short-term mean reversion approach: enter long between $0.208-$0.205 ( price bounce off EMA25) to profit from a short-term upswing, set a take-profit target around the 20-period EMA, or at the resistance level.
A weak bearish divergence (price makes higher low while MACD forms lower low) would raise concern and indicate potential near-term declines, but for now, a strong short-term trend appears likely.
**Best possible Long/Short entry prices:**
- At-the-money Long: $0.223
- Short sale price for long/short strategy: $0.25