Long SEI - Again!
Traders,
It’s early in the morning here and I woke up to something great on the Bitcoin chart. I noticed that Bitcoin has finally retraced back down to that 64.8k level I had been discussing. This is what I was hoping for and we touched it. Anyway, this post is not meant to discuss Bitcoin. But with that retracement, some of my altcoin positions were liquidated: SEI, Storj, and Powr. Now Storj and Powr, I am not interested in re-entering at this point, maybe soon, but not now. However, SEI remains bullish according to my indicators and charts. Therefore, I have re-entered SEI.
We made good profit on the first half of SEI during the last trade. I think we netted 12% in one day. I’m looking to do at least that again here. My entry was .8737. My final target is still at least 1.27, maybe more. And my SL is .67 with a RRR of 2/1.
Stew
