SEI / USDT (DOUBLE BOTTOM FORMATION)

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SEI / USDT (DOUBLE BOTTOM FORMATION)SEI / TetherUSBINANCE:SEIUSDTDanishQasimMarket Structure & Technical Outlook Price is currently in a downtrend, consistently forming Lower Lows (LLs) and Lower Highs (LHs), while trading within a Descending Channel. However, bullish RSI divergence on the 4H timeframe, combined with the formation of a Double Bottom reversal pattern, indicates a potential weakening of bearish momentum and the possibility of a bullish reversal. A breakout above the previous Lower High (LH), which also coincides with a strong horizontal and vertical resistance zone, would provide further confirmation of a potential bullish momentum shift. Trade Plan Entry: Buy Stop at 0.0521, triggered upon a breakout above the LH and resistance zone. Stop Loss: 0.04435, placed below the current Lower Low (LL) level. Take Profit: 0.0652, positioned at the next resistance zone. Trade Rationale & Risk Management The bullish RSI divergence on the 4H timeframe, together with the Double Bottom pattern, suggests a potential bullish reversal. Nevertheless, the prevailing market structure remains bearish until price successfully breaks above the previous LH and the descending channel resistance. The Buy Stop order at 0.0521 is intended to capture the potential bullish breakout and subsequent momentum shift. Strict risk management is essential to protect capital and maintain discipline throughout the trade. Setup Invalidation: The bullish reversal setup will remain valid as long as price holds above the current Lower Low (LL) level. A decisive break below this level will invalidate the setup.