SCR → The dump continues. How far will the coin fall?
Updated
SCRUSDT is in the dump phase after listing. The coin is losing 40% and is not going to stop yet. After a strong fall, the coin does not bounce back, but forms consolidation before a possible continuation of the fall... The reasons for the cold reception in the cryptocurrency community are quite objective:
Rumors have surfaced that the founder took most of the coins from the amount allocated for airdrop, depriving active users, accordingly, people got few tokens... Criticism among the community regarding the design of the project. The Binance Launchpool whales got access to SCR early.
Technically, the picture on the chart also points to weakness... The coin is unable to form a pullback or correction and update the local high. It can be seen that the bears are creating a huge pressure...
Resistance levels: 0.9533
Support levels: 0.882, 0.8, 0.7
Accordingly, a retest of the resistance is possible before a further fall. It is not excluded, if the development team puts forward some announcement or news that can bribe speculators, in this case the coin can give a strong impulse upward, which will break the structure, but this is not the case yet.
The fall will continue after the support breakdown...
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SCRUSDT ;)Regards R. Linda!
Trade closed: target reached
Target 1 reached!
+16%
Trade closed: target reached
All targets reached (0.8, 0.7) !
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