There is a potential set up in SEI with a decent risk:reward ratio of 9.5
❌We want high volume but we do not have it yet ✅OBV is breaking out (might be an early sign of volume to come) ✅ We are above the 21 day moving average and above the diagonal support line
The 21 day MA and diagonal support line could offer a buying opportunity for any new participants, I have a tight stop placed at 0.74c. You will also see a 5 wave Elliot wave structure with the final 5th wave looking to reach the golden fib ext of 1.618 @ 1.57c.
We have a structure here to work with, a good RR and tight stop levels to protect us.
Sei is the first sector-specific Layer 1 blockchain, specialized for trading to give exchanges an unfair advantage.
Lets see how it plays out
PUKA
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Good Entries here down to the diagonal line...as anticipated.
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Here we go folks.
Ideal entry off diagonal support/21DSMA with stop placed thereunder.
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Converted my TSXV:SEI today to NEAR. The relative strenght of NEAR was too hard to ignore any longer.