$SEI: Lower High Pattern Confirmed: Short Target in View
SHORT SETUP SEI
Entry: $0.06310 - $0.06335
Stop Loss: $0.06560
Take Profit: $0.05847 (2R)
Key Levels: Support $0.06310 | Resistance $0.06335
Technical Analysis for $SEI: Price sits below EMA9, EMA21 and EMA200, confirming bearish bias. MACD line and histogram are negative, while RSI at 40 and Stochastic K at 21 suggest weakening momentum. ADX around 14 indicates a soft trend, reinforcing a shortside outlook near the 0.06310.06335 range. Together, these indicators favor SHORT continuation toward support.
Market Context: BTC is down about 0.9% on the 4hour chart, showing a bearish trend, and the broader market is largely negative with 90.6%
SHORT $SEI
SHORT SETUP SEI
Entry: $0.06310 - $0.06335
Stop Loss: $0.06560
Take Profit: $0.05847 (2R)
Key Levels: Support $0.06310 | Resistance $0.06335
Technical Analysis for $SEI: Price sits below EMA9, EMA21 and EMA200, confirming bearish bias. MACD line and histogram are negative, while RSI at 40 and Stochastic K at 21 suggest weakening momentum. ADX around 14 indicates a soft trend, reinforcing a shortside outlook near the 0.06310.06335 range. Together, these indicators favor SHORT continuation toward support.
Market Context: BTC is down about 0.9% on the 4hour chart, showing a bearish trend, and the broader market is largely negative with 90.6%
SHORT $SEI