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I used to hate this coin, but the chart is literally screaming at me right now.
$SEI is putting on a masterclass. After weeks of just boring sideways chop, it finally cleared that nasty resistance zone around 0.06 and it's not looking back. We just saw a massive daily candle take out the local highs at 0.08, and the volume is actually backing it up for once.
The order book is showing some heavy selling pressure sitting just above current prices (about 61% asks), so I wouldn't be surprised if we see a quick retest of the 0.07 level to shake out the late longs. If that holds as new support, the next leg up could be violent.
Keeping an eye on the 24h low of 0.067. As long as we stay above that, the trend is our friend. Not chasing here, but definitely waiting for a dip to scale in.
What are you guys seeing? Total fakeout or the real deal?
#GateSquareMayTradingShare #BTCBackAbove80K