$SEI Guide For a Long/Short Trades 💸🚀
1. SEI saw good resistance at the $1 level once again, and deviated the whole move it had.
Since then, it fully retraced the whole range and revisited the yearly open. We are
currently under the yearly open as we are looking to begin the week. Unless reclaimed at
some point in the week, this doesn't look the best.
2. SEI did break the flag with good momentum. It has been retracing since touching the
yearly open but could be setting itself up for a retest and continuation.
3. For a long position, look for SEI to break the yearly open at $0.5602 as it breaks out of
the flag, under that and there is no bullish scenario. Good levels on the way out of the
bull flag are $0.625 and $0.67.
4. For a short position, look for continued acceptance below the yearly open, with a
breakdown near $0.46. Good targets are $0.42 and $0.38. Similar to TIA, this is a new
coin so downside volatility is most definitely going to be more violent.
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