SEI recorded a $1.52K short liquidation around $0.04983. This suggests short-side liquidity was taken, so the next reaction around resistance is important for determining whether sellers regain control.
Entry Zone: $0.0500–$0.0508
Resistance: $0.0512 / $0.0525
Support: $0.0492 / $0.0478
TP1: $0.0492
TP2: $0.0478
TP3: $0.0465
Stop-Loss: $0.0526
Trade Map: Prefer a rejection from $0.0500–$0.0512 followed by bearish price action and weakening volume. A lower high would strengthen the short structure.
Invalidation: A decisive close above $0.0526 cancels the short setup.
My Take: The short-liquidation event can create temporary upward pressure, so patience for rejection is more important than chasing the move.
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