Current price: $0.3401 (+29.17%)
Time frame: 30 minutes
Rejected $SEI
Just from $0.3553 after a sharp vertical pump. This type of heavy red candle and wick indicates profit-taking and that a short-term reversal may be on the way. Momentum is declining on lower time frames.
$SEI – Strong rejection from the local top! Set up a short trade directly! 🚨
📉 Short Trade Plan:
Entry Zone: $0.3400 – $0.3450
TP1: $0.3280
TP2: $0.3150
TP3: $0.3000
Stop Loss: $0.3560
💡 Professional Tip: Watch for price rejection below $0.342 to increase confidence in the short position. Use a trailing stop loss once TP1 is reached to secure profits.
Warning: High volatility is expected - trade cautiously with strict risk management!
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