đąđ SEI/USDT Trading Signal:
đ Chart Pattern:
âą Down Channel: Price broke out of the down channel, signaling a possible bullish reversal đ.
đ Support & Resistance:
âą Support: $0.4621
âą Resistance Levels:
âą đ„ $0.4899: Immediate resistance after breakout
âą đ $0.5090: Next target
âą đŻ $0.5355: Major resistance level where sellers may step in
đ Technical Indicators:
âą RSI: Currently at 53.48, signaling an upward momentum đą. This shows the potential for a continued bullish trend, with the RSI heading towards overbought levels đȘ.
đ Trade Setup:
âą Entry Point: Look for a buy entry around the $0.475 mark after confirmation of bullish momentum đ.
âą Take Profit (TP):
âą TP1: $0.4899 đ„
âą TP2: $0.5090 đ„
âą TP3: $0.5355 đ
âą Stop Loss (SL): Place your stop loss below $0.4621 to manage risk effectively â.
â ïž Risk Management:
âą Risk/Reward Ratio: Aim for at least a 1:2 or higher risk/reward ratio, balancing risk and potential profit đŻ.
đ Time Frame: Short-term (1-3 days) đš.
đ„ Conclusion: The breakout from the down channel and increasing RSI suggests a bullish move đ. Watch for confirmation and target the key resistance levels for profit-taking đ°.
Disclaimer: DYOR and NFA.
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