Just wanted to warn my SEI fans that we are currently in a strong supply zone. Everytime price has entered this range between $0.80-$0.88 it has been hammered back down.
We also created an 8H doji that could signal a reversal. All fib levels of the current trend have been listed. If we get a full retracement then the 0.618 would be our perfect target around $0.40.
If we break above this liquidity zone with a strong close our next target to the upside would be $1.10. But for right now I urge you to use caution as this has been an important sell zone.
We also created an 8H doji that could signal a reversal. All fib levels of the current trend have been listed. If we get a full retracement then the 0.618 would be our perfect target around $0.40.
If we break above this liquidity zone with a strong close our next target to the upside would be $1.10. But for right now I urge you to use caution as this has been an important sell zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.