🟢🚀 SEI/USDT Trading Signal:

📉 Chart Pattern:

• Down Channel: Price broke out of the down channel, signaling a possible bullish reversal 📈.

📊 Support & Resistance:

• Support: $0.4621

• Resistance Levels:

• 💥 $0.4899: Immediate resistance after breakout

• 📈 $0.5090: Next target

• 🎯 $0.5355: Major resistance level where sellers may step in

📈 Technical Indicators:

• RSI: Currently at 53.48, signaling an upward momentum 🟢. This shows the potential for a continued bullish trend, with the RSI heading towards overbought levels 💪.

🔍 Trade Setup:

• Entry Point: Look for a buy entry around the $0.475 mark after confirmation of bullish momentum 🔔.

• Take Profit (TP):

• TP1: $0.4899 🥇

• TP2: $0.5090 🥈

• TP3: $0.5355 🏆

• Stop Loss (SL): Place your stop loss below $0.4621 to manage risk effectively ⛔.

⚠️ Risk Management:

• Risk/Reward Ratio: Aim for at least a 1:2 or higher risk/reward ratio, balancing risk and potential profit 🎯.

📅 Time Frame: Short-term (1-3 days) 🚨.

🔥 Conclusion: The breakout from the down channel and increasing RSI suggests a bullish move 🚀. Watch for confirmation and target the key resistance levels for profit-taking 💰.

Disclaimer: DYOR and NFA.

$SEI

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