$SEI $SEI
Analyzing the $SEI /USDT trading chart on Binance:
### Professional Analysis
#### Support and Resistance Levels
- **Support Levels:**
- $0.4038 (MA(7))
- $0.3842 (24-hour low)
- $0.3526 (recent low)
- **Resistance Levels:**
- $0.4206 (24-hour high)
- $0.4230 (MA(99))
- $0.4457 (previous high)
#### Entry Signal
- **Entry Point:** Enter a long position if the price breaks above $0.4206 with strong volume.
- **Stop Loss:** Place a stop loss below $0.4038 (MA(7)) to minimize potential losses.
- **Take Profit Levels:**
- First take profit at $0.4230 (MA(99))
- Second take profit at $0.4457 (previous high)
### Summary
The chart shows a bullish trend with the current price at $0.4103, up 3.64%. The moving averages suggest upward momentum, with the price above MA(7) and MA(25) but below MA(99). Watching the resistance level at $0.4206 is crucial for a potential breakout.
Happy trading! 📈 Let me know how it goes.
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