$SEI surged 45% to break through $0.28! Is it an opportunity or a risk?
SEl has been rising particularly sharply recently, with the price hitting $0.2897, a three-month high, increasing by 45% in just one day, and the trading volume reaching $171 million. The market sentiment is quite bullish, and many people are discussing it, considering it a good investment option. However, there are also concerns about the project's inherent issues, and with the recent network upgrade, cash deposits and withdrawals might be temporarily suspended, which is something to keep in mind.
In the short term, if it can break through the key level of $0.29, it may continue to rise, and one could look for opportunities to buy at lower prices.
In the long term, it depends on how the project develops and whether market confidence can be maintained.
It is recommended to look for short-term opportunities to enter, and for the long term, hold on for larger increases, but make sure to keep a close eye on market changes and not just focus on counting profits while ignoring risks.
Next, I will continue to layout strategies. Instead of blindly exploring and missing the best entry and exit points leading to losses, it is better to follow me directly if you agree with my approach.
