SCR's premarket hype didn't translate to an explosive official listing, leaving many investors disappointed. After trading at $1.45 in the premarket, the official listing price of $0.80 and subsequent drop to $1.10 has raised concerns.
However, it's essential to recognize that premarket enthusiasm doesn't always guarantee a breakout. SCR's fundamentals remain intact, and patience is crucial. Many investors who bought in premarket are holding onto their positions, awaiting a potential reversal.
SCR's current price ($1.10) is still 38% above the official listing price ($0.80), indicating residual interest. Market sentiment may shift as investors reassess SCR's potential.
Key levels to watch:
$1.20 (immediate resistance)
$1.45 (premarket high)
$0.80 (official listing price)
Strategy:
Long-term investors: Hold or accumulate on dips
Short-term traders: Scale in above $1.20, targeting $1.45, 1.90
Stop-loss: Below $0.80
SCR's story isn't over yet; stay patient and adapt to market developments.
