SEI / TetherUSLong
SEI/USDT Poised for a Bullish Turn at Trendline? 👀 Sei Analysis
Updated
💎 Paradisers, let's zero in on #SEIUSDT as it's shaping up for an interesting shift, aligning itself along an ascending trendline.
💎 Our observations show that #SEI has recently formed a double-top pattern, followed by a downward trend. However, it's been holding strong above the key support level of $0.6936. After facing a hurdle at the resistance of $0.7662, there's a strong likelihood of a bullish movement starting from the trendline level, aiming to overcome the formidable resistance above.
💎 As smart traders, we're always prepared for different outcomes. If
SEI doesn't rally as expected and this scenario falls through, we're looking at a potential bullish rebound from the lower support of $0.3936. Keep in mind, though, that breaking below this point could lead to a significant downward trend.
💎 Our observations show that #SEI has recently formed a double-top pattern, followed by a downward trend. However, it's been holding strong above the key support level of $0.6936. After facing a hurdle at the resistance of $0.7662, there's a strong likelihood of a bullish movement starting from the trendline level, aiming to overcome the formidable resistance above.
💎 As smart traders, we're always prepared for different outcomes. If
SEI doesn't rally as expected and this scenario falls through, we're looking at a potential bullish rebound from the lower support of $0.3936. Keep in mind, though, that breaking below this point could lead to a significant downward trend.Trade closed: target reached
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