$SEI Analysis:

1. EMA:

• EMA(20) is above EMA(50), indicating that the short-term trend is still bullish.

2. Descending resistance:

• The descending trendline (orange) has been tested by the price near $0.5258, which is an important short-term resistance.

3. Support:

• Important support at $0.4950.

Trading plan:

• ENTRY: Wait for the price to break and close above the trendline at $0.5260 to confirm the uptrend.

• TAKE PROFIT (TP):

• TP1: $0.5350 (the nearest resistance).

• TP2: $0.5467 (24h high).

• STOP LOSS (SL): Place below the nearest support at $0.5090.

R:R (Risk-Reward) Ratio:

• With ENTRY at $0.5260, TP1 at $0.5350, and SL at $0.5090:

• R:R ≈ 1.17:1.

If TP2 is at $0.5467:

• R:R ≈ 2.12:1.

You can adjust your trading plan to suit your risk level.