SCRT Breakout on Volume
Hello traders,
BINANCE:SCRTBUSD is doing relatively good, attempting to reach its all-time-high while BTC remains sideways.
It has broken structure with a strong break out of key resistance on volume.
Well above the mid line.
Price is at rising channel resistance putting it at risk of exhaustion. BBWP and PMARP are a showing signs of overheating adding validity for the need for BINANCE:SCRTBUSD to cool off before entering. So, it's time to wait for a corrective activity to test broken resistance for new support or further back into the order block that sent it.
Invalidation and stop loss under the bullish order block.
Thank you for stopping by!
BINANCE:SCRTBUSD is doing relatively good, attempting to reach its all-time-high while BTC remains sideways.
It has broken structure with a strong break out of key resistance on volume.
Well above the mid line.
Price is at rising channel resistance putting it at risk of exhaustion. BBWP and PMARP are a showing signs of overheating adding validity for the need for BINANCE:SCRTBUSD to cool off before entering. So, it's time to wait for a corrective activity to test broken resistance for new support or further back into the order block that sent it.
Invalidation and stop loss under the bullish order block.
Thank you for stopping by!
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