$SCR Coin Long Liquidation Alert šØ
š Long Liquidation of $2.2359K has struck at the pivotal price of $0.98238.
A wave of panic has swept through the market as SCRās price fell, wiping out long positions worth over $2.2K. This liquidation highlights the dangerous volatility that can catch even the most experienced traders off guard.
š„ What Does This Mean for SCR?
The $0.98238 level has been breached, raising concerns of further downside pressure.
With
heavy liquidation, the price could continue its volatile journey as traders adjust their positions.
š Risk Considerations
Short-term downtrend seems likely unless bulls can fight back.
Watch closely for any reversal signals at the key price levels; a sharp bounce could set up a potential rally, but the risk is high.
ā ļø Potential Upside/Downside:
Upside: If SCR shows signs of stabilization, look for a bounce towards $1.00 to test resistance.
Downside: If the bears dominate, prices could fall to $0.90 or lower, further aggravating the current liquidation trend.
ā³ Important Reminder: Volatility is king in these marketsāliquidations like this one remind us all how quickly fortunes can change. Risk management is crucial, as the market continues its unpredictable swings. Stay alert and strategize accordingly!