Is SEI Forming a Reversal Pattern? 🤔

#SEI is currently climbing within a channel pattern, but there's a potential cloud on the horizon. The stock is beginning to shape a Head & Shoulder pattern, which is often a #bearish reversal signal. ⚠️

However, it's crucial to remember that $SEI is still below the major resistance level. Trying to catch a falling knife here could be risky! 🔪 It's wiser to wait for a decisive break and close above this resistance before considering a long position. 📈

Remember, this is just an analysis and not financial advice. Always do your own research before making any investment decisions. 🧐