π SEI has recently undergone significant market dynamics. Currently, SEI is breaking out of the bullish pennant pattern, which typically signifies a continuation of the bullish trend.
π The next step involves a retesting phase at either the trendline or the demand area, followed by a continuation of the upward movement. If this retesting phase proves successful, we may witness a significant upward movement, probability reaching our target area.
π However, if SEI fails to bounce during the retesting phase at the demand area, it could indicate a breakdown of this level. In such a scenario, the price would likely retreat to the support area.
π The support area holds crucial importance, as it serves as a pivotal point for potential reversals. A bounce from this area would signal strength in the bullish trend. Conversely, if the support area is breached, SEI could experience further downward movement, with the next target being the Bullish OB area.
π The next step involves a retesting phase at either the trendline or the demand area, followed by a continuation of the upward movement. If this retesting phase proves successful, we may witness a significant upward movement, probability reaching our target area.
π However, if SEI fails to bounce during the retesting phase at the demand area, it could indicate a breakdown of this level. In such a scenario, the price would likely retreat to the support area.
π The support area holds crucial importance, as it serves as a pivotal point for potential reversals. A bounce from this area would signal strength in the bullish trend. Conversely, if the support area is breached, SEI could experience further downward movement, with the next target being the Bullish OB area.
Trade closed: target reached:
Just as predicted, #SEI's up a smooth 57.09%!
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