SEI on the 1-hour chart is giving off serious déjà vu vibes right now. The setup? Almost a carbon copy of what ATOM pulled recently. Price made an aggressive run attempting to break into fresh highs, but reality hit hard at the Daily open level. That rejection wasn't subtle – we're talking instant reversal, sellers stepping in with force.

The bear momentum kicked in immediately after that failed breakout attempt. What's interesting though? Last time around, the 0.786 Fibonacci retracement level acted as a concrete support floor. That zone held firm when tested. So here's the pattern forming: if this cycle plays out similarly, we could be eyeing a fresh local 0.786 fib level forming right around that Daily open area.

Watch that zone closely. The price action is telling a story, and support levels don't lie when they're consistently respected.