#SEI/USDT — Triangle Pattern Breakout Ahead?

#SEI

The price is moving in a descending channel on the 1-hour frame and is expected to break it and continue upward.

We have a trend to stabilize above the 100 moving average once again.

We have a downtrend on the RSI indicator that supports the upward move with a breakout.

We have a major support area in green that pushed the price higher at 0.1790.

Entry price: 0.1916.
First target: 0.2000.
Second target: 0.2134.
Third target: 0.2257.

To manage risk, don't forget stop loss and capital management.

When you reach the first target, save some profits and then change the stop order to an entry order.

For inquiries, please comment.

Thank you.