Massive liquidations on $SEI !
A $58.6K short position was liquidated at $0.395.
The market's heating up—what’s next for this coin?"
Important Details about $SEI:
$SEI is the native token of Sei Network, which is designed for high-speed, low-cost decentralized exchanges (DEX) and applications.
It's gaining attention for its focus on solving scalability issues in blockchain, especially for trading and DeFi.
Sei aims to offer seamless experiences for DeFi traders with fast block times and high throughput.
Next Move Suggestion:
Watch for a bounce or consolidation after this short squeeze.
If the price holds steady, there could be a further upward move.
However, volatility is high, so don’t rush into trades without considering market conditions.
Stop Loss & Key Levels:
Stop Loss: Set your stop loss around $0.375 to protect against downside risk.
Support: Around $0.38 – if the price falls here, it might stabilize before moving higher.
Resistance: Around $0.42 – watch this level for potential sell pressure or breakout.$SEI
Buy or Sell?
Buy cautiously if the price stabilizes and shows upward momentum.
Sell near $0.42 if the price faces resistance, or if you want to take profits.