#SEI/USDT - Final Support Before a Major Reversal or Breakdown

3 days ago

#SEI

The price is moving in a descending channel on the 1-hour timeframe. It has reached the lower boundary and is heading towards a breakout, with a retest of the upper boundary expected.

We are seeing a bearish trend in the Relative Strength Index (RSI), which has reached near the lower boundary, and an upward bounce is expected.

There is a key support zone in green at 0.1235, and the price has bounced from this level several times. Another bounce is expected.

We are seeing a trend towards stabilizing above the 100-period moving average, which we are approaching, supporting the upward trend.

Entry Price: 0.1262
First Target: 0.1295
Second Target: 0.1325
Third Target: 0.1362

Remember a simple principle: Money Management.

Place your stop-loss order below the green support zone.

For any questions, please leave a comment.

Thank you.

yesterday

Trade closed: target reached

#SEI
First Target: 0.1295 Reached
Second Target: 0.1325 Reached
Third Target: 0.1362 Reached