Potential Upswing for SEI/USDT : Key Levels and Strategy
#SEIUSDT #SeiUsd #SEIUSDTShort #Write2Earn! #BinanceSquareFamily
The **SEI/USDT** pair is currently navigating within a **descending channel** on the 1-hour time frame, indicating a well-defined price movement. After recently bouncing off the lower limit of this channel, the price is approaching critical support at **0.4400**.
Notably, the **RSI indicator** shows a downtrend that is on the verge of being broken, which could signal an upward momentum. Additionally, thereâs a trend toward stabilization above the **100 moving average**, further supporting a bullish outlook.
Traders should consider an **entry price** of **0.4470** with the following targets :
- First target : 0.4670
- Second target : 0.4880
- Third target : 0.5160
Conclusion :
With positive signs emerging from the price action and RSI analysis, SEI/USDT may be poised for a potential upward movement.
Advice :
Traders should watch for a confirmation of the breakout above the moving average before entering. Setting stop-loss orders below the recent support level can help mitigate risk. Always conduct thorough research and consider market conditions when making trading decisions.
