LIVE$SEI : Sei
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 has formed a really nice flag just above the yearly open. I think this is another one of the quality setups for this week.
3. For a long position, look for SEI to hold the yearly open at $0.5602, under that and there is no bullish scenario. Good levels on the way out of the bull flag are $0.655 and $0.71.
4. For a short position, look for continued acceptance below the yearly open, with a breakdown near SO.54. Good targets are $0.50 and $0.44. Similar to TIA, this is a new coin so downside volatility is most definitely going to be more violent.
