Peter Smith
● Trader Ali recently highlighted that SEI might be setting up for a reversal. "The rebound could be near! Multiple TD Sequential buy signals showing up on $SEI," he noted, pointing to a pattern that often appears when downward momentum starts losing steam.
● The TD Sequential is a timing tool created by Tom DeMark that flags potential exhaustion points in trends. On SEI's 6-hour timeframe, both TD9 and TD13 buy signals have formed—marked by upward arrows on the chart—hinting that selling pressure could be weakening. That said, these signals don't guarantee a reversal. In choppy or low-volume conditions, false bottoms can occur, so traders typically wait for follow-through via strong candles or volume confirmation.
● If the setup plays out, SEI could push back toward the $0.20–$0.21 resistance zone, attracting short-term traders hunting oversold bounces. More conservative investors might hold off until a clear trend shift is confirmed. If the signal fails, SEI could drift sideways in the $0.18–$0.19 range as its correction drags on.
● This setup isn't happening in isolation. Several altcoins are hitting similar exhaustion marks on their charts, reflecting broader market fatigue. A genuine bounce here could hint at renewed appetite for risk across select crypto assets, especially among those tracking technical setups.
Peter Smith
