$SEI Longs Wiped Out!
A $70.4K long position was liquidated as SEI dropped to $0.593!
This sharp move indicates selling pressure, likely shaking out overleveraged bulls. Such events can lead to increased volatility as traders react to the shift in momentum.
What’s Next for $SEI ?
Immediate Resistance: $0.600—bulls need to reclaim this level to regain strength.
Critical Support: $0.585 will be a key area to hold; a break below could trigger further declines.
Market Sentiment: Monitor volume; a spike could signal either a reversal or continuation.
Strategy Suggestion:
If bearish pressure persists, short opportunities may arise below $0.585. For bulls, wait for a recovery above $0.600 before entering.
Stay cautious as the market may remain unpredictable.
SEI is under pressure—manage risk and follow the trend carefully!
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