2025-11-02 11:03:02

$SCR/USDT

Entry Price: 0.175–0.185
Target Price:

- TP1: 0.220 (Fibonacci 38.2% extension level)
- TP2: 0.280 (Neckline breakout level/Fibonacci 61.8% extension level)
- TP3: 0.320 (Fibonacci 261.8% extension)
Stop-loss price: below 0.145

Reason for Purchase:

1. Shape Confirmation:
- The weekly level has formed a "double bottom" breakout pattern (lasting 32 trading days), with a neck line at 0.220
- Measure of increase = Bottom depth × 1.618 = 0.035 → Target price 2 = 0.145 + 0.035 = 0.180 (actual rounded to integer 0.280)
2. Trend Structure:
- Monthly level breaks the 2023-2024 downtrend line (0.320→0.280 connection), price stands above MA(50) 0.180
- Short-term trend reversal, RSI(14) rebounding from the oversold zone of 28 to 55 (neutral to bullish)
3. Breakthrough Potential:
- After breaking 0.220, open up 0.320+ upward space (Fibonacci 261.8% extension level)
- If an effective breakthrough occurs, it may trigger the liquidation of 2.5x leveraged contracts.
4. Indicator Verification:
- The OBV indicator has reached an all-time high, indicating a continuous inflow of funds.
- Funding rate +0.155% (positive for 18 consecutive days), futures open interest exceeds 150 million USD
- On-chain data: Active address count increased by 180%, development activity index improved by 135%

This content is for reference only and should not be taken as investment advice.

SCR-3,18%

View Original

[The user has shared his/her trading data. Go to the App to view more.]

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.