$SEI continuous two-hour price-and-volume lift, strong momentum worth tracking, but even more informative is the first pullback after the acceleration.
On Binance spot, the 7:00 hourly candle closed above the upper edge of the 0.07732 platform formed by the 5:00 and 6:00 closes; at 8:00 it closed again at 0.08335, with SEI volume at 2.54x that of the previous hour. Volume is keeping up with the rise, but that doesn’t mean net inflow is happening, nor does it imply that chasing the price now is cost-effective.
Next, watch the prior high before 7:00 at 0.07934: if the pullback is accompanied by contracting volume and the hourly close holds, then and only then would the resumption higher make the continuation logic more solid; if it closes back below 0.07732, then this breakout watch would be considered invalid. Both key levels come from already-formed candle structures, so don’t treat the current highest price as support.
Open the SEI spot 1-hour chart: first check whether the pullback can be held—don’t assume the pullback has already succeeded just because of the acceleration.
Source: Binance spot 1h data, collected at 09:01 on Sep 28; chart image taken at 09:03 (UTC+8), last candle not yet closed.
https://www.binance.com/en/trade/SEI_USDT?type=spot
On Binance spot, the 7:00 hourly candle closed above the upper edge of the 0.07732 platform formed by the 5:00 and 6:00 closes; at 8:00 it closed again at 0.08335, with SEI volume at 2.54x that of the previous hour. Volume is keeping up with the rise, but that doesn’t mean net inflow is happening, nor does it imply that chasing the price now is cost-effective.
Next, watch the prior high before 7:00 at 0.07934: if the pullback is accompanied by contracting volume and the hourly close holds, then and only then would the resumption higher make the continuation logic more solid; if it closes back below 0.07732, then this breakout watch would be considered invalid. Both key levels come from already-formed candle structures, so don’t treat the current highest price as support.
Open the SEI spot 1-hour chart: first check whether the pullback can be held—don’t assume the pullback has already succeeded just because of the acceleration.
Source: Binance spot 1h data, collected at 09:01 on Sep 28; chart image taken at 09:03 (UTC+8), last candle not yet closed.
https://www.binance.com/en/trade/SEI_USDT?type=spot
