$SCR
SCR - now that's a token that's been on my radar lately. Did you catch that big move today? Up a solid 20%, with the price reaching as high as $0.745. Not bad at all!
After being in the doldrums for a while, it's great to see SCR finally starting to pick up some steam. And you know what they say - when a token's been sleeping, sometimes it wakes up with a vengeance.
Looking at the charts, I'm seeing some interesting technical levels to keep an eye on. The current price of $0.684 is sitting right around the 38.2% Fibonacci retracement level from the recent swing low to high. That's a pretty significant support zone, so I'm cautiously optimistic that it could provide a launchpad for further gains.
If SCR can decisively clear that $0.745 high from today, the next key resistance level I've got my eye on is the 50% Fib at around $0.775. Break through that, and we could see this token start to really get some serious momentum going.
Of course, as with any trade, you'll want to be mindful of your risk management. A pullback down to that 38.2% Fib level at $0.58could be a sensible spot to place a stop-loss, should you decide to enter a position.
Overall, I'm liking what I'm seeing with SCR lately. The fact that it's finally breaking out of that prolonged slump is a great sign. Just need to see if it can build on this momentum and continue climbing higher.
