$SEI is grinding towards key support levels.
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The analysis I posted on Jan 5 played out nicely, enjoy the gains if you took the short.
Right now, SEI is approaching key support levels for potential longs/higher low-plays.
What triggers do I need before executing the longs?
First, I'll await till price tests one of the support boxes. The upper ~$0.118 support box would be nice to hold.
If price retests the box, I'll monitor price and best case, we consolidate a bit in the box, with a quality reversal after to open longs with the ~$0.134 high as final target.
If we don't hold that support box, there's an interesting imbalance at ~$0.113. Same strategy here, we test, consolidate, reverse, and then long.
#Sei