SEI Coin: Alt Coin Bets Paying Off

Per the usual, when BTC pamps so do many alts.

I mentioned SEI in a couple posts over the last few months, a coin I jumped in on sheer speculation as it atleast had some ingredients to become a legit coin and project.

That bet has been working out as SEI continues to climb the market cap ranks now sitting at #42 after cracking the top 50 not too long ago.

Rally over for now???

Looking at the daily chart you can see the nice pump getting the coin to hit $1 for the first time.

You can also see that there is a nasty reversal candle that formed, meaning we could see some profit taking.

I decided to trim 15% of my position (being that I'm holding this for the next bull market run ideally) just to be prudent. I put order in down in the low 80s to rebuy the same amount if this reversal candle does end up leading to a short-term sell off.

Either way, its been a couple years since we could feel the juice of coins making bull moves. Certainly makes the crypto space alot more lively.