$SCR
Layer 1/Layer 2 coins are pumping & one L1/L2 coin I'm bullish on is SCR.
On 1W tf, it has been continuously dumping since the Binance listing. This dump has been consistent inside a downtrend channel (check 1st screenshot) and I think it has finally found its true bottom. Currently, it’s in its weekly and if the market remains bullish as it is now, then SCR can pump from here. There are two red liquidity boxes, 10th October low & 10th October high which should be hunted by the bulls on the way up.
On 1D tf, SCR has reclaimed (check 2nd screenshot) the 1D 50MA, made it support, bounced from it till 1D 100MA, reclaimed it also & currently is retesting. As long as this support holds, we can expect a big pump from it. 1D is clearly showing the accumulation phase ongoing.
Coinglass Legend (check 3rd screenshot) is showing lots of liquidity remaining upside. Only one risk here is that downside liquidity which should be filled if SCR dumps about 20% from here. Also, SCR is tagged as a Monitoring coin on Binance. So, anytime from now, delisting news can come from Binance which will help the bears to take those liquidity. That is why, only invest the amount that you are willing to lose. As always, DYOR & FOLLOW PROPER RISK MANAGEMENT. BEST OF LUCK 🫡
#Layer2 #SCR
Layer 1/Layer 2 coins are pumping & one L1/L2 coin I'm bullish on is SCR.
On 1W tf, it has been continuously dumping since the Binance listing. This dump has been consistent inside a downtrend channel (check 1st screenshot) and I think it has finally found its true bottom. Currently, it’s in its weekly and if the market remains bullish as it is now, then SCR can pump from here. There are two red liquidity boxes, 10th October low & 10th October high which should be hunted by the bulls on the way up.
On 1D tf, SCR has reclaimed (check 2nd screenshot) the 1D 50MA, made it support, bounced from it till 1D 100MA, reclaimed it also & currently is retesting. As long as this support holds, we can expect a big pump from it. 1D is clearly showing the accumulation phase ongoing.
Coinglass Legend (check 3rd screenshot) is showing lots of liquidity remaining upside. Only one risk here is that downside liquidity which should be filled if SCR dumps about 20% from here. Also, SCR is tagged as a Monitoring coin on Binance. So, anytime from now, delisting news can come from Binance which will help the bears to take those liquidity. That is why, only invest the amount that you are willing to lose. As always, DYOR & FOLLOW PROPER RISK MANAGEMENT. BEST OF LUCK 🫡
#Layer2 #SCR
