Continuous decline of SEI.. Entering a sell position could be profitable"
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The SEI coin is experiencing strong movement in recent hours, with its current price reaching 0.3470 USDT, a daily increase of +7.36%.
Highest price in 24 hours: 0.3576 USDT
Lowest price in 24 hours: 0.3214 USDT
24-hour trading volume: 137.9M SEI (~47.3M USDT)
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🔎 Quick technical analysis:
RSI (6): at 31.6 → indicates the beginning of entering the oversold area after a strong upward wave.
Current resistance: 0.357 – 0.360 USDT (a clear selling pressure zone).
Nearest support: 0.330 USDT, breaking it could open the way for lower levels.
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📉 Short Strategy:
Entry point for selling: If the price fails to exceed the resistance level of 0.357 USDT and stays below it.
Profit taking targets:
First target: 0.335 USDT
Second target: 0.325 USDT
Stop loss: at closing above 0.362 USDT to avoid a strong bullish reversal.
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✅ Summary:
The SEI coin has provided a good upward push, but current indicators suggest that buyers are starting to lose control at the peaks. This could be an ideal opportunity to start a short-term sell position while closely monitoring the nearby support levels.
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