Dec. 9 at 12:16 AM
Actionable Trade Alert for
$SEI:
Market Context:
$SEI is currently trading at
$53.87, showing strong momentum as indicated by an RSI of 67.91, suggesting it is nearing overbought territory. However, the price is above both the 30-day MA (49.36) and the 50-day MA (48.73), indicating a bullish trend. The recent high of
$57.17 provides a potential resistance level.
Directional Bias: The bullish trend is supported by the price action above key moving averages, but caution is warranted due to the high RSI, which may indicate a pullback.
Trade Plan:
- Suggested Entry:
$54.00
- Stop Loss:
$50.00 (risking
$4.00)
- Take Profit Targets:
- TP1:
$56.00 (Risk/Reward: 1:0.5)
- TP2:
$57.00 (Risk/Reward: 1:0.75)
- TP3:
$63.00 (Risk/Reward: 1:2.25, 17% ROI)
Monitor the price action closely, especially around the resistance levels. Adjust stop loss to break even after reaching TP1.
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