CandleFocus SEI Approaches Critical Demand Zone: Will Bitcoin Hold the Key to the Next Move?
2024-10-24
Author: Content Editor
Traders are closely monitoring SEI as it approaches a critical daily demand level, with the potential for a scalp long trade if Bitcoin holds up. The demand zone indicates high demand interest and traders are looking for buyers to drive up the price. The trade setup is supported by convergence in the SEI/BTC pair, but success is dependent on Bitcoin's performance. If Bitcoin fails to maintain its key support and SEI drops below the demand zone, traders may consider going short.
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