$SEI - Strong rise, but stabilizing at the resistance level

Price above $0.320 then rejection

Needs to hold above $0.317 to continue rising

After a clear breakout, the price of S reached $0.3203, but it shows signs of exhaustion with two consecutive red candles on the 15-month chart. Bulls must defend the current level to avoid a deeper pullback.

Sell Trade Setup

Entry: 0.3185 - 0.3195

Take Profit (TP): 0.3110

Stop Loss (SL): 0.3210

Market Forecast:

The price of S may revisit the lower support level if it fails to close above $0.320. The pullback area may provide a better opportunity for long-term investors to re-enter later.

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