Technical review of pair $SEI /$USDC 4.05.2025

1. After the test of highs from the previous month, and LP2 relative to it at the price of 0.2277 broke the longs - a struggle, in previous periods it is visible that there was a wall of contracts placed in shorts, and this price could not be broken. In the current period, this price is key.

2. We see that the second day after 0.2277 closes below the previous one, and it also creates an engulfing pattern of the last two long days - this is serious. Thus, there are more signals to short than to long.

4. On the H4 RSI, we see a bearish divergence, another signal to short.

5. The exit level for shorts on D1 is 0.1352.

6. Orange - local levels 0.1977 and 0.1707, if they are broken, then further to the next orange and green 0.1352 respectively.

Conclusion - for now, everything indicates SHORT, but I am buying at the lows, not selling, so I will hold and wait for a reversal to Long.

7. What will be the signal for the reversal. 1. The end of bearish divergence + exit from the RSI zone +30 and breaking the MA upwards on H4.

2. Inability to break local long levels.

3. Local breakdown of shorts on H4 with volume and engulfing and two bars of breakdown.

4. Breakdown in the struggle on D1.

And for now, this is SHORT.