📊 Market Overview
Sei (SEI) is currently trading at $0.2612 USD, with a daily high of $0.2656 USD and a low of $0.2543 USD.
In the past week, SEI has increased approximately 29.8%, showing a significant recovery after hitting a low in early May.
📈 Technical Analysis
• Nearby resistance: $0.274 – $0.30
• Strong support: $0.249 – $0.242
• RSI (14): At a neutral level, indicating the market is not overbought or oversold.
• MACD: MACD line crosses above the signal line, buy signal.
• ADX: Increasing, indicating the current trend is strengthening.
The daily chart shows SEI is in an uptrend, with a 'Bullish Pennant' pattern indicating potential further price increase.
📰 Featured News
• Price prediction: Some analysts predict SEI could reach $0.297 by May 12, 2025, if the uptrend continues.
• Interest from large investors: SEI has attracted attention from large investors, with strong trading volume in recent days.
📊 Trading Strategy
Scenario 1 – Open Long Position
• Reason for entry: Price breaks above resistance $0.274 with strong trading volume, confirming the uptrend.
• Entry zone: $0.260 – $0.265
• Stop loss (SL): $0.249 (Below nearest support)
• Take profit (TP): $0.297 – $0.30
• Probability of success: 65% (Based on technical signals and strong inflow)
Scenario 2 – Open Short Position
• Reason for entry: Price cannot maintain above $0.274 and shows signs of a downward reversal.
• Entry zone: $0.274 – $0.280
• Stop loss (SL): $0.30 (Above nearest resistance)
• Take profit (TP): $0.260 – $0.249
• Probability of success: 55% (Based on the possibility of correction following a strong increase)
Note: The market is in an excited state; tight risk management is needed and closely monitor technical signals.
🔗 Trade SEI
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