Market Observation:
SEI demonstrates resilience amid the current altcoin selloff, displaying relative strength compared to its peers.
Trading Strategy:
Entry Range: Consider entering the trade between $0.83 and $0.90, ensuring stability above support.
Take Profit Levels: Target potential highs at $1.20 or $1.50, aiming for continuation into price discovery.
Stop Loss Placement: Set a stop loss to safeguard against significant downturns, considering a close below $0.68 on the daily timeframe.
SEI demonstrates resilience amid the current altcoin selloff, displaying relative strength compared to its peers.
Trading Strategy:
Entry Range: Consider entering the trade between $0.83 and $0.90, ensuring stability above support.
Take Profit Levels: Target potential highs at $1.20 or $1.50, aiming for continuation into price discovery.
Stop Loss Placement: Set a stop loss to safeguard against significant downturns, considering a close below $0.68 on the daily timeframe.