$SCR Thrilling Market Update on $SCR
A massive long liquidation of $2.6979K occurred at the key price of $1.019 signaling intense market activity. Such liquidations often indicate a shakeout phase, where weak hands are pushed out before the price finds stability or a strong directional move.
What’s Next for $SCR.
Buy Zone.
The buy zone for $SCR lies between $1.000 - $1.050.
This range is ideal for accumulating positions if the market shows strength and holds above $1.000.
Target Levels.
1. Short Term Target: $1.120
A minor resistance level where traders might book profits.
2. Medium Term Target: $1.200
Psychological resistance where further upside momentum could slow down.
3. Long Term Target: $1.300
If the market sustains a bullish trend, this level may act as the next major stop.
Stop Loss.
Set a tight stop-loss at $0.980.
This ensures limited risk if $SCR continues downward.
Technical Insights.
Support Level: $1.000
A critical level to watch. If this breaks, further downside to $0.900 is possible.
Resistance Levels: $1.120 and $1.200
Price needs to break above these to confirm bullish momentum.
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