Breaking Update: $SCR Long Liquidation

A notable long position worth $6.311K was liquidated at $1.20878,

signaling bearish pressure as SCR's price dropped below key support levels.

What Does It Mean?

Long liquidation happens when traders betting on a price increase are forced to close as the price moves downward.

This suggests sellers have control and bears are dominating.

What’s Next?

1. Possible Downtrend:

SCR may face further selling pressure if support near $1.20 doesn’t hold.

Next critical support is likely around $1.15.

2. Market Sentiment:

Bearish sentiment could grow, leading to more liquidations.

Monitor for any reversal signs or bullish triggers.

3. Key Actions for You:

Avoid entering long positions until the trend stabilizes.

Keep an eye on $1.15 as a potential buying zone if selling slows.

Trade cautiously in such volatile conditions.

SCR faces challenges ahead—stay alert and adapt to market shifts!

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