Key Details about
$SEI Long Liquidation
Liquidation Value: $6,117.20
Liquidation Price: $0.3458
Market Context: This long liquidation indicates that bullish traders were forced to close positions, likely due to sustained downward pressure. The event reflects bearish dominance in the short term, as
$SEI struggles to hold key levels.
Next Move Prediction
Bearish Continuation: If selling pressure persists, the price could break lower, testing significant support levels.
Bullish Rebound: A recovery is possible if the asset finds strong support and buyers regain confidence.
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Support and Resistance Levels
Immediate Support: $0.3400
Major Support: $0.3300
Resistance Level: $0.3550
Buy or Sell Recommendation
Sell/Short Recommendation: Traders may look to short below $0.3458, targeting the immediate support at $0.3400 or lower levels.
Caution for Buyers: Wait for a confirmed reversal or breakout above $0.3550 before entering a long position.
Risk Management:
Place tight stop-loss orders to protect against unexpected reversals.
Adjust position sizing according to volatility and market sentiment.
Monitor trading volume for potential shifts in momentum.
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