Price Structure: - SEI is currently trading within a well-defined ascending channel (marked by orange lines) - Current price: $0.4156 (-2.49%) - Strong demand zone established between $0.28-0.35 acting as key support
Two Potential Scenarios for Q1 2025:
Scenario A (Purple Path): - Immediate bounce from current levels - Series of higher highs and higher lows - Price target: $0.85-0.90 by March 2025 - Key resistance levels to watch: $0.55, $0.65, $0.75
Scenario B (Light Blue Path): - Initial retest of demand zone ($0.30-0.35) - Sharp V-shaped recovery - Same ultimate target: $0.85-0.90 - Higher risk-reward ratio if demand zone holds
Key Levels to Watch: ▪️ Major Support: $0.35 (Top of demand zone) ▪️ Current Channel Support: $0.41 ▪️ Channel Resistance: $0.52
Risk Management: - Stop Loss: Below demand zone ($0.28) - Position scaling opportunities at demand zone retest - Channel breaks should be monitored for validation/invalidation
Timeframe: Daily Bias: Bullish with caution Pattern: Ascending Channel
Note: This is technical analysis only. Always DYOR and manage your risk accordingly. Not financial advice.