Golden Cross 4H 1D

٢٦ ديسمبر ٢٠٢٤

🚨🚨🚨 NOT FINANCIAL ADVICE 🚨⚠️

Just noticed a golden cross appear on both the 4H and 1D charts for SEI as much as it's been dragging rear the last bit we need to read between the lines here. The RSI, The moving averages, the sideways price movement.

Previously discussed idea of a big bounce back from correction is becoming more and more viable by the day. Now with GC appearing on the 4hr and 1D I'm so pumped

Whose coming ?

SEI enter between $0.43-$0.44250
No more then 10x if leveraged (preference goes to spot if your not a seasoned futures trader)

TP: $0.55
TP2: $0.60
TP 3: 0.63

Longer term
TP: $0.65
TP2: $0.75
TP3: $0.82

TP for new investors or scalping is $0.55

You could also do a trailling TP at the three levels

Again not financial advice of any kind do your own research.

٢٦ ديسمبر ٢٠٢٤

تم فتح الصفقة

**AGAIN NOT FINANCIAL ADVICE AT ALL JUST A FRIENDLY Update**

Dec 26th 2024
Some optimistic things I'm starting to see on this chart.

Currently looking at shorter time frames, 1M-4hr. I'm seeing some patterns.

OBV indicators are showing:

🚨 General Trend: The OBV line has been generally rising since just after 10am, even before the golden cross appeared on the 1min chart.

This is a positive sign, suggesting increasing buying pressure leading up to and following the crossover.

🚨 Confirmation of the Golden Cross: The OBV continues to rise after the golden cross, further supporting the idea of a potential bullish reversal.

🚨 Recent Dip: There's a slight dip in the OBV around 10:30, corresponding to a small pullback in price. However, the OBV remains above its previous lows, suggesting the buying pressure is still relatively strong.
VWAP🥳

🚨 Price above VWAP: The price is currently trading above the VWAP, which is a bullish indication. It suggests that buyers are willing to pay more than the average price for SEI.

🚨VWAP Direction: The VWAP is also sloping upwards, further supporting the potential for a bullish trend.
Combining with Previous Analysis:

🚨Golden Cross: The rising OBV and price trading above the VWAP add further confirmation to the bullish signal generated by the golden cross.

🚨 Hammer: While the hammer occurred before the golden cross, the subsequent OBV and VWAP movements support the idea that buying pressure was increasing even before the crossover.

🚨 Downtrend Context: The rising OBV and price above VWAP are particularly encouraging given the 21-day downtrend. It suggests a potential shift in momentum.

So what am I watching?

🚨 OBV Confirmation: Look for the OBV to continue rising with the price. Any divergence between the two (price going up while OBV falls) would be a warning sign.

🚨 VWAP Support: Ideally, the price should stay above the VWAP. A break below could indicate weakening momentum.

🚨 Volume Spikes: Continue to monitor for volume spikes on upward price movements, especially when breaking through resistance levels.

My conclusion...

The OBV and VWAP are providing further evidence to support the potential bullish reversal with SEI.

While caution is still warranted(if your not neck deep in a 22 day old long position 🤦🏼‍♀️) given the previous downtrend, the current indicators are painting a more optimistic picture. 🚀🚀🚀

٢٦ ديسمبر ٢٠٢٤

ملاحظة

I definitely want to hear your thoughts on this.
I have been paper trading and learning for a LONG time(years) - and just within the last 8 months began trading with my own money - I've done well - but I want to do better and I know that there will forever be room for improvement.