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Dropping:
http://www.tf2outpost.com/trade/25927250 (4.22 ref)
http://www.tf2outpost.com/trade/25864409 (4.33 ref)
http://www.tf2outpost.com/trade/25887842 (4.55 ref)
http://www.tf2outpost.com/trade/25892703 (4.66 ref; backpack.tf price)
unsolds?
http://www.tf2outpost.com/trade/25927250 - Young
http://www.tf2outpost.com/trade/25864409 - Badly bumped trade, but sold at unknown time
http://www.tf2outpost.com/trade/25887842 - Poorly bumped (3 days unbumped)/invalid
http://www.tf2outpost.com/trade/25892703 - Quicksold without a bump
Current range seems fine as it is. You would need unsolds at current price anyways for it to be dropped.
Only one is not within the current range, and there are plenty of people selling at 5 ref to justify keeping that in the range.
SCM doesn't really justify a drop either. I think current range is sufficient.