SEI · 1H · DOWNTREND
Price peaked near 0.05980 on June 25th and has been printing lower highs ever since — the structure is clear. From that spike high, SEI dumped hard, briefly consolidated around 0.04950, then pushed back to 0.05150 twice (July 5 and July 8) before rolling over again. Each of those bounces got sold. Right now price is sitting at 0.04888, near the bottom of the recent chop zone, and the macro news context for SEI crypto is noise — none of the headlines move the needle here. This is pure structure, and the structure says sellers are in control. I'm not looking for longs until this downtrend shows a clear structural reversal. My interest is to the short side on any failed bounce toward the 0.05000–0.05050 resistance cluster.
SHORT SCENARIO
Confirmation
0.05000
Rejection at 0.05000–0.05050 resistance with a close back below 0.04950 confirms bearish continuation.
Invalidation
0.05150
Structure negated on a close above 0.05150 — that would print a higher high and break the lower-highs sequence.
Target 1
0.04650
Prior swing low from early July consolidation floor.
Target 2
0.04550
Extended structural support below the recent lows.
Risk/Reward
(0.04950 − 0.04650) / (0.05150 − 0.04950) = 1.5:1
Resistance: 0.05000–0.05050 / 0.05150
Support: 0.04650 / 0.04550
This is not financial advice. Content is AI-generated.