$SEI
$SEI Breaking Resistance! 🚀 Is it time to go Long? 📈
SEI/USDT is showing a very strong bullish structure on the 1-hour timeframe. The price has recovered from its local low of 0.0692 and is currently trading at 0.0720.
🔍 Technical Indicators:
Bollinger Bands: Price has successfully broken above the Upper Band (0.0718), which indicates a strong continuation of the upward trend.
MACD: A fresh bullish crossover has occurred with the MACD line moving into positive territory (0.0002), showing that buyers are taking over.
RSI (10): Currently at 64.5, giving us enough room for more upside before it hits the overbought zone.
🎯 My Trade Idea:
Entry: Around $0.0715 - $0.0720
Take Profit: $0.0745 - $0.0760
Stop Loss: $0.0690 (Below the recent support)
⚠️ Note: Market is volatile. Manage your risk and do your own research (DYOR).
What do you think about SEI? Are you holding or selling? Let me know below! 👇
#SEI #CryptoTrading #BinanceSquare #TechnicalAnalysis #BullishMomentum