$SCRT Long Liquidation Alert: $66K at $0.550
A significant $66,000 long position was liquidated at $0.550, leaving traders reeling.
This sharp move highlights increased selling pressure and potential market uncertainty for $SCRT .
What Does It Mean?
The liquidation reveals that bulls lost grip, triggering forced exits from leveraged positions.
Such events can create more downward pressure or set the stage for a quick bounce-back, depending on market sentiment.
What’s Next for $SCRT ?
Bearish Scenario: If the selling continues, SCRT could slide toward the next key support level at $0.520. A breach here may open the door to further downside.
Bullish Comeback: A recovery above $0.570 could indicate that buyers are regaining control, with potential upside toward $0.590.
Suggested Strategy:
For Risk-Takers:
Consider buying near $0.520 if support holds, but manage risk with strict stop-losses.
For Conservative Traders:
Wait for a breakout above $0.570 to confirm bullish momentum before entering.
#SCRT is at a turning point—keep your eyes on key levels, as the next move could be pivotal!
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