Scroll Volume Breakout But... 280% Profits Potential (Easy)

"Volume breakout but..." When there is a but, there is always a problem.

Scroll (SCRUSDT) is full green today with rising volume but, resistance is being faced in the form of MA200—not all is lost.

While resistance is being faced the bullish bias is already confirmed. The main low happened in April and a double-bottom in June. The double-bottom is what reveals a bullish bias on this chart. The bullish bias implies higher prices. So, even if resistance is being faced the market will move higher because when it moved lower support held nicely.

The support zone from 7-April wasn't even tested twice nor multiple times. There was no piercing, no wick lower simply a bounce and now higher prices. Buyers were present. Buyers are present now, prices are rising.

With this we know the bulls are on and we have SCRUSDT consolidating for more than five months, since March.

You can see the green space on the chart as the consolidation range.

Don't get me wrong, this is all good. It is good because the market is not moving lower. No new lows is a bullish signal. Always when the market is not dropping this is good. Here it is sideways but with a certain bullish bias.

Friendly reminder, bullish wave comes next.

Friendly reminder, buy and hold.

Thank you for reading.

Namaste.