$SEI SEIUSDT Analysis and Trade Signal
Technical Overview
The SEIUSDT chart on the 4-hour timeframe displays a bearish pattern following an uptrend that recently lost momentum. After peaking near 0.5204, the price has been declining, currently trading at 0.4380. This price action is marked by lower highs and lower lows, suggesting sellers are increasingly active.
A potential support level is observed near 0.4360, with lower support zones identified around 0.4200 and 0.4000 if the downtrend persists. This support-resistance alignment provides an opportunity to capitalize on a short trade.
🚩Short Position
1. Enter a short position upon a confirmed break below the 0.4360
2. Place a stop loss just above the recent resistance and price peak at 0.4580
Take Profit Targets
First Profit Target: 0.4200
Second Profit Target: 0.4000
Ensure disciplined monitoring of the trade, especially around the first profit target. If the price continues to fall, consider implementing a trailing stop to capture additional gains while protecting profits.
