SEI's 100% surge from its local bottom has been impressive, with trading volume at its highest since early 2024. However, the rally's sustainability is questioned due to potential market manipulation concerns.
TRADING CALL: Take profits near $0.35–$0.40, with a potential reversal expected. Watch for rejection in this zone and a pullback towards the $0.24–$0.27 support area.
The key support zone at $0.24–$0.27, backed by the 200 EMA, Fibonacci levels, and VWAP indicators, is crucial for maintaining SEI's bullish structure. A hold above $0.25 could lead to consolidation and another rally attempt towards $0.40.
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