SEI Breakout Setup: Buy the Dip Before the Next Leg UpAfter the low around 0.13 in April, SEI started to recover, and although the first attempt to reclaim the 0.25–0.26 zone failed in mid-May, that key area—a former support from last year—was finally broken at the end of June.
Now, this previous resistance has turned into support, and even though gains have so far been capped by the falling trendline, price is consolidating above support – which could be a sign of bullish pressure building.
If we get a clean break above this descending trendline, momentum could accelerate, opening the way for a push toward the 0.75 resistance.
This is exactly the scenario I’m working with.
I'm looking to buy dips, with an ideal entry around 0.30, while keeping in mind that a move below 0.25 would invalidate the setup.
✅ Risk-reward? With a stop below 0.25, this setup offers a 1:4 R:R, and even a realistic chance at a 2x trade, which would be quite reasonable under current market conditions.
