A fan privately messaged me, asking if many people are recently posting about SEI and collaborating with Xiaomi, is this a bullish signal?

Actually, I don't want to pay attention to these counterfeit old coins. For the current crypto space, not engaging or discussing altcoins is a politically correct thing to do.

Leaving other matters aside, let's just look at $SEI from the K-line perspective.

Scenario One

From the line chart, it can be seen as a descending channel. There will be support rebounds at the lower boundary of the channel (between the green and blue lines). Historically, it has stabilized and rebounded multiple times in this area, targeting around 0.26, with the upper orange line facing resistance.

If it breaks below the lower boundary green line, it may further test the support of the lower blue line, aiming for the 0.786 Fib, dropping from the starting point in October 2023, recovering chips, and highly concentrated.

Scenario Two

The entire history is moving towards a triangular convergence, and currently, it can be seen as a false breakdown of the triangular convergence. One can wait for a pullback to the bottom of the triangular convergence to enter the market, with the target price being the equivalent of the triangular convergence opening.

Stop, the above is the bullish scenario.