$SEI 📉 Current Technical Situation:
The price has been moving within a sideways range between 0.28 and 0.38 for several months.
The price is now approaching a strong resistance at 0.3820, which was previously a rejection area.
The recent movement shows gradual buying strength, but it has not confirmed a breakout yet.
✅ Positive Scenario (in case of bullish breakout):
If a weekly candle closes above 0.3820:
🎯 First Target: 0.45
🎯 Second Target: 0.55
🔄 0.3820 can be retested as a support level before the breakout.
⚠️ Negative Scenario (in case of rejection from resistance):
If there is a failure to break above 0.3820:
🔽 A drop towards support at 0.2778 is very likely. A buying opportunity
📊 Summary:
👁🗨 The current area is critical, and it is not recommended to enter before confirming a breakout or rejection, or a gradual entry is preferable.
📉 Support at 0.2778 is the key to staying above the positive trend.
📈 A breakout at 0.3820 will be a strong entry signal for the next wave.
