TECHNICAL ANALYSIS: 🎯
Price Structure:
- SEI is currently trading within a well-defined ascending channel (marked by orange lines)
- Current price: $0.4156 (-2.49%)
- Strong demand zone established between $0.28-0.35 acting as key support
Two Potential Scenarios for Q1 2025:
Scenario A (Purple Path):
- Immediate bounce from current levels
- Series of higher highs and higher lows
- Price target: $0.85-0.90 by March 2025
- Key resistance levels to watch: $0.55, $0.65, $0.75
Scenario B (Light Blue Path):
- Initial retest of demand zone ($0.30-0.35)
- Sharp V-shaped recovery
- Same ultimate target: $0.85-0.90
- Higher risk-reward ratio if demand zone holds
Key Levels to Watch:
▪️ Major Support: $0.35 (Top of demand zone)
▪️ Current Channel Support: $0.41
▪️ Channel Resistance: $0.52
Risk Management:
- Stop Loss: Below demand zone ($0.28)
- Position scaling opportunities at demand zone retest
- Channel breaks should be monitored for validation/invalidation
Timeframe: Daily
Bias: Bullish with caution
Pattern: Ascending Channel
Note: This is technical analysis only. Always DYOR and manage your risk accordingly. Not financial advice.
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