#SEIUSDT analysis-
After the listing gains, SEI almost fallen -80% after that strong uptrend has been seen in SEI followed by 3 channel breakout one after one.
Right now, as per the price action analysis, it is again forming the same pattern and we can make entry at breakout or when it will take support after the breakout.
Possible entry around- $0.8828-0.08835
Short term targets-
1st target- $1.1500
2nd target- $1.2000
Stop loss-
Below the channel line i.e. below 0.5500
After the listing gains, SEI almost fallen -80% after that strong uptrend has been seen in SEI followed by 3 channel breakout one after one.
Right now, as per the price action analysis, it is again forming the same pattern and we can make entry at breakout or when it will take support after the breakout.
Possible entry around- $0.8828-0.08835
Short term targets-
1st target- $1.1500
2nd target- $1.2000
Stop loss-
Below the channel line i.e. below 0.5500
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#SEIUSDT is currently trading within a falling wedge formation on the 1 days timeframe, a classic bullish reversal pattern. This pattern, coupled with a liquidity sweep at the lower boundary, has already shaken out impatient traders. But remember, no move is confirmed until we see a decisive breakout. A decisive move above key resistance is needed to confirm the shift in momentum. If the trendline of the pattern breaks, we can prepare for a bullish trade and we can witness a strong upward movement.
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