SEI flashing a purchase sign – but merchants must see these risks star-news.press/wp

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SEI provided a good purchase opportunity after re -testing its lowest levels, and increased by 5.3 % in less than three days. Does this opportunity exceed the risks, such as weak feelings?

The Altcoin market was moving sideways during the past month. At the time of the press, he lacked strength for the upper direction, as happened in July and the first half of August.

Source: total2 on Tradingview

The ALTCOIN market plan has shown how the market has been affected by Bitcoin (BTC) in recent weeks. ETHEREUM (ETH) is reasonably well, defending the level of $ 4.3 thousand for the pressure pressure.

Ambcrypto note that ETH/BTC witnessed a 8 % decrease, which could be an early signal to rotate the capital to Bitcoin.

In these circumstances, SEI (SEI) provided an opportunity to buy for swinging traders. So, should you look at Long Sei when the capital flow is directed towards BTC?

How can merchants mobilize the risk of buying SEI now?

source: Ali Martinez on x

in After xCrypting analyst Ali Martinez Note that SEI showed a purchase signal after a recovery from its lowest local levels at $ 0.27.

The next price goals are $ 0.32 and $ 0.37, and the next important levels are within the SEI limited price.

Source: SEI/USDT on Tradingview

On the graph for 4 hours, SEI has the bullish market structure. To keep this, you should keep the highest level higher at $ 0.2814, made on the third of September.

OBV did not make a new decrease last week, and MFI started climbing above. Together, they were signs that the Sei march was possible.

source: Coinalyze

However, this bullish view was not reflected in the derivative market. Over the past two days, SEI has ranked 9.39 %, reaching $ 0.27 to $ 0.296. However, the open interest did not go up.

Coinalyze data It showed that OI sank from $ 120 million to $ 114.6 million in bisnia through the gathering. It reflected the lack of a short -term emerging conviction among the speculators.

The lack of momentum in the Altcoin market has shown in recent weeks, along with short -term landmarks of OI trends, that SEI could be the opportunity to buy risky.

Responsibility: The information provided does not constitute financial, investment, trading or other types of advice, which is just the opinion of the writer