Technical Analysis and Trade Signal for SEI/USDT
Current Price: 0.4626 USDT
Trend Analysis:
The price has experienced a +9.72% increase in the last 24 hours, suggesting upward momentum.
The 24h High is 0.4654 USDT, and the 24h Low is 0.4085 USDT, showing a bullish movement within the daily range.
The Parabolic SAR indicator at 0.4592 suggests a slight upward trend, with potential continuation.
Support level is near 0.4492 USDT, and Resistance is at 0.4654 USDT.
Trade Signal:
Buy Signal: Enter at current price 0.4626 USDT, as it aligns with the short-term bullish trend.
Target Levels 🎯:
1. First Target (T1): 0.4680 USDT (near resistance and buy-side depth).
2. Second Target (T2): 0.4750 USDT (next key resistance zone).
3. Third Target (T3): 0.4850 USDT (psychological resistance).
Momentum:
Strong: The price has been trending higher with a solid increase in volume, showing strong momentum.
Potential Continuation: Watch for price to hold above 0.4592 (SAR level) for further bullish movement.
Risk Management: Set a stop-loss around 0.4492 to mitigate downside risk if the trend reverses.
Note: Always consider market volatility and external factors that may affect price movement.
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