TradeCityPro | SEI : Bullish Momentum with Key Resistance

2 Ara

👋 Welcome to TradeCityPro!
In this analysis, we’ll evaluate the performance of SEI, a blockchain designed for decentralized futures trading. For a deeper understanding of the project, you can review its whitepaper.

⏳ Daily Timeframe: High Buying Volume and Uptrend
The daily chart shows a bullish trend supported by a trendline that has been tested three times. Currently, the price is well above this trendline. As long as the price remains above it, the overall trend will stay bullish.

📈 A breakout above $0.6944 could push the price to the next target of $0.9733. Beyond this resistance, SEI may aim for new All-Time Highs (ATH).

🔑 RSI entering the Overbought Zone (above 70) could trigger a sharp upward move.

🔽 In a bearish scenario, the price could correct to $0.5284 initially. A deeper correction might bring it down to the trendline and the $0.4006 support level.

📊 Currently, buying volume exceeds selling pressure, indicating that a correction is unlikely unless significant selling pressure enters the market.



⏳ 4-Hour Timeframe: Futures Triggers
In this timeframe, we’ll focus on identifying potential futures trading triggers:

🔼 For long positions, a breakout above the $0.6944 resistance, especially with increasing buying volume, would be ideal. If RSI also breaks the 50 level, the likelihood of overcoming this resistance increases.

📉 For short positions, a break below the $0.596 level could act as a trigger. However, personally, I avoid shorting as long as the price remains above the daily trendline.

📝 Final Thoughts

This analysis reflects our opinions and is not financial advice.

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