Bias: Bullish
Description: SEI token's price action is forming an ascending channel pattern, with consistent higher lows and higher highs. The RSI is trending above the midpoint, indicating bullish momentum.
Direction: Upward
Entry: A potential entry could be considered on a pullback to the lower trend line of the ascending channel, looking for bounce-back confirmation.
Stop Loss: A sensible stop loss could be set just below the recent swing low within the channel to minimize potential losses.
Targets: Initial targets may be placed at the recent swing high, with further targets aligned with key psychological levels within the ascending channel.
Caution: Be wary of any bearish reversal patterns or a break below the channel, which could invalidate the bullish outlook. Keep an eye on trading volume as an increase could confirm the strength of the move.
Description: SEI token's price action is forming an ascending channel pattern, with consistent higher lows and higher highs. The RSI is trending above the midpoint, indicating bullish momentum.
Direction: Upward
Entry: A potential entry could be considered on a pullback to the lower trend line of the ascending channel, looking for bounce-back confirmation.
Stop Loss: A sensible stop loss could be set just below the recent swing low within the channel to minimize potential losses.
Targets: Initial targets may be placed at the recent swing high, with further targets aligned with key psychological levels within the ascending channel.
Caution: Be wary of any bearish reversal patterns or a break below the channel, which could invalidate the bullish outlook. Keep an eye on trading volume as an increase could confirm the strength of the move.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.