Pre-market trading: SCR is currently in pre-market trading, set to close on October 21st.
Official launch: The token will officially launch on October 22nd, which could significantly impact price action.
Recent performance: 3.32% drop indicates some selling pressure or profit-taking before the official launch.
Price action:
Support level around $1.25
Resistance near $1.35
Trading range likely to expand post-launch
Launch expectations:
Potential for increased volatility
Liquidity may improve after official listing
Watch for volume spikes as an indicator of interest
Market sentiment:
Pre-launch interest may be gauged from current trading activity
Post-launch performance crucial for establishing longer-term trend
Trading considerations:
High risk due to pre-market nature and impending launch
Set tight stop-losses if entering before official launch
Consider waiting for post-launch price discovery before taking significant positions
