$SEI is demonstrating a strong bullish trend, characterized by consistent higher highs and higher lows. Currently, the price is testing the resistance at $0.63, a critical level for determining the next move.
EMA Ribbon: The ribbon is bullish, supporting the upward momentum. A pullback to the previous BOS level at $0.5208 could provide an optimal entry point for long positions, as it aligns with the ribbon's dynamic support.
Resistance Break: If the price successfully breaks and holds above $0.63, the next potential target is the upper resistance near $0.97.
TSI Indicator: A previous bullish divergence on the TSI hinted at this upward move, and the indicator now sits comfortably above the zero level, reinforcing the bullish outlook.
Signal Builder: Recent signals from the indicator have been bullish, confirming alignment with the current price action.
Should SEIUSDT surpass $0.63, it opens the door for a rally toward $0.97, provided the bullish structure remains intact. However, a retracement to $0.5208 could offer a strategic re-entry before continuing the uptrend.
👨🏻💻💭 Will SEIUSDT break through resistance and hit $0.97, or is a retracement to $0.5208 more likely? Share your thoughts below!
