#SEI/USDT is still denying every attempt to reverse the bearish trend. I am still bearish with this crypto, but I will not add or open an additional short position at this moment and price level.
Holding, waiting and watching is the only thing that I can do at this point. Because I believe that opening an additional short position at this level is quite risky.
SEI is still bearish but the bitcoin is gaining quite a bull support and denying any attempt to break down the price. It is a bullish indication that the price of the bitcoin might start a new rally to continue its long term trend. Or continue to consolidate in this current level.
Even if Bitcoin consolidates at its current level, I believe that #SEI/USDT is still in a bearish trend.
Always do your own research and never ever based your whole trading decision in a single analysis.
Goodluck and Happy hunting!!
