$SEI/USDT

Current Price: 0.3178
Target Price:

- TP1: 1.20 (measured rise of descending triangle)
Stop loss price: below 0.1349

Reason for Purchase:

1. Support Validity:
- The price forms a double support zone between 0.1349 (Fibonacci 61.8% retracement level) and 0.20 (psychological support level), confirming the validity of support with a weekly close above 0.30.
- 0.1349 corresponds to the bottom of the oscillation range in Q2 2023, forming the support for the medium-term trend.
2. Trend Structure:
- Completed a textbook-style descending triangle breakout (lasting 4 months), neckline at 0.30
- The weekly MACD has a golden cross and the histogram is expanding, with RSI breaking through the key resistance at 60, confirming the trend reversal.
3. Breakthrough Potential:
- Descending triangle measure of increase = (top vertex - bottom edge) × 1.618 = 1.20 (target price 1)
- If it breaks 1.20, it may trigger the liquidation of 3.0x leverage contracts, opening up an upward space of 1.50+
4. Indicator Verification:
- The weekly trading volume surged by 400%, breaking through the 20-week average volume line, indicating institutional funds entering the market.
- Open Interest (OI) surged 72% in 24 hours, funding rate +0.041% (bulls in control)

Key technical features:

- Morphological structure:
- Descending triangle bottom edge: 0.25-0.30 range
- Breakthrough confirmation: closing price > 0.30 (March 15)
- Backtesting validation: rebounded after reaching 0.30 on March 17
- Price-Volume Relationship:
- The trading volume at the breakout reached 870 million USDT, the highest in the past 6 months.
- The daily OBV has reached a historical high, indicating a continuous inflow of funds.
- Risk-reward ratio:
- The stop loss at 0.1349 corresponds to the target of 1.20, with a risk-reward ratio of approximately 7.9:1

This content is for reference only and should not be taken as investment advice.