⚠️URGENT NOTICE FOR $SCR
* Binance announced that the $SCR market pair will close on October 22nd, with the original listing scheduled for the same day. This news will significantly impact price action.
*Current Market Status:*
SCRis currently trading at 1.27, hovering near its recent low of 1.25.
*Analysis:*
Given the impending market pair closure and re-listing, price volatility is expected. The current price near the recent low of 1.25 suggests a potential breakdown.
*Risks:*
1. Support break: If $SCR breaks below 1.25, it may plummet to 1.10 or lower.
2. Delisting uncertainty: Market sentiment will remain bearish due to the upcoming changes.
*Trading Strategy:*
*Caution Advised:* Avoid entering long positions until the re-listing process is complete.
_Bullish Scenario (Post-Re-listing):_
1. Wait for a clear breakout above 1.35.
2. Target 1.50 and 2.
*Risk Management:*
1. Position size: 1-2% of portfolio.
2. Risk-reward ratio: 1:1 or lower.
*Important Dates:*
- October 22nd: Market pair closure and original listing.
Stay informed about updates on the re-listing process and adjust your strategy accordingly.
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