š» $SEI USDT BEARISH BREAKDOWN ā SELL PRESSURE GAINING CONTROL
$SEIUSDT is showing a strong bearish structure after failing to sustain above 0.2999 and dropping sharply to 0.2811. The current downtrend is supported by a negative MACD and RSI at 23.15, indicating oversold but still strong bearish momentum in the 15m timeframe.
š Trade Setup (Short):
Entry Zone: 0.2820 ā 0.2830
Take Profit Targets:
TP1: 0.2785
TP2: 0.2745
TP3: 0.2700
Stop Loss: 0.2875
š Market Outlook:
The price is forming lower highs and lower lows with declining volume, confirming a bearish continuation pattern. MACD remains negative, and RSI shows an oversold condition but no reversal signs yet, suggesting potential for further downside before a recovery bounce.
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buy and trade here on $SEI