SEI/USDT - Swing Position

Date: 09/12/24

Name: SEI/USDT

Market cap
2.16B
7.66%
Volume (24h)
298.1M
12.52%
FDV
5.12B
Vol/Mkt Cap (24h)
13.82%
Total supply
10B SEI
Max. supply
--
Circulating supply
4.2B SEI





Daily Time Frame – Swing Position – Long!

Reasons to be Bullish Case:
1) Structure: Overall trend is bullish, Trending.
2) Current phase: Break of structure, and continuing the uptrend
(4) Internal: Structure Shift towards upside, Pull Back done, uptrend continuation, internal Shift, ready to sky rocket.
(5) Important Key notes: .
- Relatively new project for this bull cycle, Great fundamentals, overall uptrend since launch. Quite bullish. Needs a catalyst to sky rocket.
- Currently holding Previous resistance as its support and key level on Daily Time frame

Worst case Senerios:
4) Bitcoin is currently at All time high, liquidation flush remaining (75k – 80k)
5) Due to liquidity generated and Demand zone sitting below.
6) if $0.44 is not hold, then we can see further buying opportunities on marked point of interests.
7) Invalidation – $0.33

Trade Plans:
BUY CMP: $0.64
DCA: CMP – $0.33

Invalidation: 0.33

Trend Based Fibionacci Targets:

Target 1: $1.29
Target 2: $ 1.93
Target 3: $ 2.33
Target 4: $ 2.98

**This is not a financial advice, these are my personal trade journals, Do your own research before taking any action. **