SCRT/USDT Daily Analysis Potential Take Profit and Stop Loss

SCRTUSDT

To analyze the image and provide potential Take Profit (TP) and Stop Loss (SL) levels, I'll interpret the chart based on typical trading strategies. The chart shows a price action graph of Secret Network (SCRT) against Tether (USDT) with visible supply and demand zones, as well as volume profile data.

**Key Observations:**
1. **Demand Zone:** Around 0.24 USDT.
2. **Supply Zones:** Multiple levels, notably around 0.88 USDT.
3. **Volume Profile:** High activity around 0.30 - 0.45 USDT.

### Suggested TP and SL Levels

**Take Profit (TP):**
1. **First TP:** Near 0.4720 USDT – This is a level with high volume activity and a minor resistance zone.
2. **Second TP:** Around 0.88 USDT – This is a significant supply zone and a previous high, indicating strong resistance.

**Stop Loss (SL):**
1. **First SL:** Around 0.2383 USDT – Just below the demand zone, to account for false breakouts.
2. **Second SL:** If you want a tighter stop, consider 0.2446 USDT – This is just below the first demand zone level.

### Strategy
- **Entry Point:** Assuming an entry around the current price of 0.3060 USDT.
- **First TP at 0.4720 USDT:** This offers a potential gain of approximately 54%.
- **First SL at 0.2383 USDT:** This gives a potential loss of about 22%, providing a risk-reward ratio of approximately 2.5:1 for the first TP.

Adjust these levels based on your specific trading strategy and risk tolerance.
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