SEI SWING LONG OPPORTUNITY - SEI NETWORK
SEI created a weekly demand zone by tapping into the monthly demand. We observed an impulsive bullish trend that broke out of the consolidation zone we've been in since September 29th. The breakout was exceptionally strong, with a daily close above the range. Because of this, I don't anticipate the price dropping back to the range low of the consolidation any time soon.
I expect a retracement to retest the range high of the trend, marked as the weekly demand (purple zone). This aligns with a key Fibonacci level, providing further confluence that the maximum discount zone (blue box) could be where the price reverses.
I will look for LTF confirmations before initiating the trade.
My expectation is a direct move toward the all-time high. I plan to carry this position as a swing trade until the end of the bull cycle.
SL: $0.28 (Below the daily close)
TP: $1.14 (All-time high
I expect a retracement to retest the range high of the trend, marked as the weekly demand (purple zone). This aligns with a key Fibonacci level, providing further confluence that the maximum discount zone (blue box) could be where the price reverses.
I will look for LTF confirmations before initiating the trade.
My expectation is a direct move toward the all-time high. I plan to carry this position as a swing trade until the end of the bull cycle.
SL: $0.28 (Below the daily close)
TP: $1.14 (All-time high
Transaction en cours
Entered trade
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.