#SEI Ready for a Bullish Rally or Not? Key Levels to Watch Yello, Paradisers! Is #SEIUSDT gearing up for a major breakout, or are we in for another leg down? Let’s break down the #SEI setup:
💎#SEI is currently trading within a falling wedge formation on the 8-hour 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.
💎The major resistance zone to watch is $0.479. If #SEI manages to break above this level with strong volume, we could see a sharp rally towards the $0.65–$0.70 range, where significant selling pressure may come into play. However, failing to break above resistance could lead to another retest of lower levels before any bullish continuation.
💎On the downside, #SEI is sitting on a strong support zone around $0.2800. Buyers have consistently stepped in at this level, reinforcing its importance. If this support holds, we can expect a bounce and a potential attempt to break out of the wedge. The next line of defense for the #SEI is at the demand zone at $0.205 if the above support fails.
💎However, a candle closing below the demand zone at $0.2053 would invalidate the bullish scenario, exposing #SEI to a further drop towards $0.15 or even lower.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
