$SCR is trading between $1.05 (low) and $1.35 (high), currently around $1.20. This comes after yesterday's pre-market pair launch, which has generated significant interest.
Technically, SCR's 4-hour chart shows a bullish trend. The 50-period MA ($1.15) and 200-period MA ($1.05) are upward-trending, indicating momentum.
RSI (14) is 58.2, neutral but leaning towards overbought. MACD (12, 26) shows a bullish crossover.
Support levels are $1.10 (0.236 Fib), $1.05 (0.382 Fib), and $0.95 (0.5 Fib). Resistance levels are $1.30 (0.618 Fib), $1.40 (1.0 Fib), and $1.50 (1.272 Fib).
Given the pre-market launch, volatility is expected. Market sentiment is cautiously optimistic.
Consider buying on dips between $1.10-$1.15 or selling on strength towards $1.30-$1.35. Monitor price action closely, as SCR's trend can shift rapidly.
Key factors to watch:
- Volume and liquidity
- Market reaction to the pre-market pair launch
- Potential listing announcements