SEI is still in a downtrend. The current price of 0.1289 is far below MA(7) & MA(25), with a structure of lower high – lower low, indicating that sellers are still very dominant.
A safer strategy is to SHORT during a pullback to resistance with the following setup:
Entry: 0.145 – 0.155
TP1: 0.128
TP2: 0.115
TP3: 0.100
SL: 0.165
As long as the price is unable to break & close daily above 0.17, the bias remains bearish and the short scenario is still more valid than long. Discipline in risk management is very important.
SEIUSDT
Perp
0.1249
-3.32%