Bullish Channel Setup with Two Key Scenarios | $SEI

29 thg 12, 2024

TECHNICAL ANALYSIS: 🎯

Price Structure:
- SEI is currently trading within a well-defined ascending channel (marked by orange lines)
- Current price: $0.4156 (-2.49%)
- Strong demand zone established between $0.28-0.35 acting as key support

Two Potential Scenarios for Q1 2025:

Scenario A (Purple Path):
- Immediate bounce from current levels
- Series of higher highs and higher lows
- Price target: $0.85-0.90 by March 2025
- Key resistance levels to watch: $0.55, $0.65, $0.75

Scenario B (Light Blue Path):
- Initial retest of demand zone ($0.30-0.35)
- Sharp V-shaped recovery
- Same ultimate target: $0.85-0.90
- Higher risk-reward ratio if demand zone holds

Key Levels to Watch:
▪️ Major Support: $0.35 (Top of demand zone)
▪️ Current Channel Support: $0.41
▪️ Channel Resistance: $0.52

Risk Management:
- Stop Loss: Below demand zone ($0.28)
- Position scaling opportunities at demand zone retest
- Channel breaks should be monitored for validation/invalidation

Timeframe: Daily
Bias: Bullish with caution
Pattern: Ascending Channel

Note: This is technical analysis only. Always DYOR and manage your risk accordingly. Not financial advice.

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