#SCR experienced a heavy breakdown earlier this year after rejecting from the major supply zone around 0.082 - 0.088, but price is now showing signs of stabilization inside a rising structure on the 12H timeframe.
The market recently reacted strongly from the ascending trendline near 0.042 - 0.043, which is currently acting as the key support zone. Buyers stepped in aggressively there, preventing further downside continuation.
At the same time, price still remains below the local resistance around 0.055 - 0.056, making this the key breakout level bulls need to reclaim for stronger continuation.
If SCR manages to hold the ascending support and break above the upper trendline resistance, the market could push toward:
0.055
0.066
Potentially revisit the higher supply zone near 0.082+
However, if support fails, the ascending structure would weaken and price could revisit the lower demand region around 0.040 again.
For now, SCR is trading inside a compression range, and the next breakout from this structure will likely decide the next major directional move.
The market recently reacted strongly from the ascending trendline near 0.042 - 0.043, which is currently acting as the key support zone. Buyers stepped in aggressively there, preventing further downside continuation.
At the same time, price still remains below the local resistance around 0.055 - 0.056, making this the key breakout level bulls need to reclaim for stronger continuation.
If SCR manages to hold the ascending support and break above the upper trendline resistance, the market could push toward:
0.055
0.066
Potentially revisit the higher supply zone near 0.082+
However, if support fails, the ascending structure would weaken and price could revisit the lower demand region around 0.040 again.
For now, SCR is trading inside a compression range, and the next breakout from this structure will likely decide the next major directional move.
Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
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Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.