SEI Breakdown from Supply – Short Opportunity
🔴 $SEI - SHORT
Trade Plan:
Current Price: ~$0.05486
Entry Zone: 0.0535 - 0.0565
SL: 0.060
TP1: 0.0495
TP2: 0.045
TP3: 0.0405
The chart shows a decisive rejection and breakdown from the shaded Entry Zone of 0.0535-0.0565 after price tapped into a clear supply zone and previous distribution area at current price ~$0.05486. A strong bearish candle with displacement below the recent low confirms the structure shift to bearish. This level aligned with the 0.5 Fib retracement and a bearish order block. The large glowing red directional arrow points downward as volume supports sellers. The red SL at 0.060 sits above the swing high for protection. Green TP levels target previous demand zones with remaining liquidity. Lower timeframe structure has fully shifted bearish with lower highs and lower lows.
How far can SEI extend this supply rejection before any bounce attempt?
Click below for trade 👇
DYOR & manage risk!
