The currency $SEI is currently trading at 0.1903 with a strong increase of +14.09% over the last 24 hours, reaching a daily high of 0.1911 after a sharp rebound from the low of 0.1582.
So, are we witnessing the beginning of a new upward wave? Or is this just a trap for buyers? Let's analyze together. 👇
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📊 Technical indicators say:
🔸 RSI at 80.38 – indicates clear overbought conditions, suggesting that the currency may be close to a temporary correction or a pause.
🔸 MACD shows a positive crossover, but the difference between DIF and DEA is still narrow, which means momentum has not yet exploded strongly.
🔸 Stochastic K/D is also in overbought areas (K at 91, D at 82), supporting the idea of a potential correction or temporary cooling.
🔸 Volume recorded a clear jump in the last candles, indicating strong liquidity entering – a very important signal in cases of breakout or the beginning of a trend.
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⚖️ Is buying now a smart decision?
✅ Opportunity if:
Masters quick entry and quick exit (Scalping).
I placed a stop loss below 0.1780.
Targeted an initial profit at 0.2010 then 0.2100 as a main resistance.
$SEI
❌ Risk if:
I just entered hoping for continued rise without waiting for a correction.
Ignored high overbought indicators.
The general market for currencies is in a state of fluctuation or liquidity weakness.
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🧠 The final word:
The currency $SEI showed remarkable strength and a clear breakout, but indicators warn of overbought conditions. The current movement could be a "first surge" before a temporary correction, or the beginning of a completely new trend.
Watch the level of 0.1910–0.2010 closely, as it is a crossroads.
What do you think? Should we wait for a breakout confirmation? Or was the rise just a false bounce? Share your opinion 👇