Before its 2021 surge, SC formed an inverse head and shoulders.
The current price action looks like it's repeating on a larger scale, with SC now testing the bottom of the right shoulder.
Target Prices:
📈 $0.29 (Inverse H&S projection, ~70x from current price)
📈 $0.37 (Fibonacci projection, ~90x from current price)
Take-Profit Strategy:
🔹 Every 10x, sell at least half
🔹 At 70x, exit 90% and hold only profit coins for further upside if the bull market continues
Why Now Might Be a Good Entry:
Since its OKX listing in 2018, this level has acted as both strong support and resistance for over six years.
On 2/3, price briefly dropped below but quickly reclaimed it, confirming its strength.
💥 Long Strategy:
Aggressive: Enter at current price
Conservative: Enter at 2/17’s high, which is the highest-volume lately
Stop-loss: 2/3's low
💥 Short Strategy:
Aggressive: Enter at current price
Conservative: Enter at 2/3's low
Stop-loss: 2/17's high
⚠️ Price levels vary across exchanges—adjust accordingly.
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🔴 Get 20% Off Every Spot Trading Fee on Bitge: lihi2.com/5tNHE
[Follow me] to see my 'guesses' on future scripts of various cryptos.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.