@Siren looks overheated after a massive run
+100% move ke baad jo structure ban raha hai, wo clean continuation nahi — balki distribution jaisa lag raha hai. Chart pe clear double rejection dikha top zone ke around (~1.75–1.78), jahan se sellers ne control le liya.
Uske baad kya hua?
Lower highs + steady bleed down → classic sign of momentum exhaustion.
📉 Current read:
• Strong rejection from highs (double top type behavior)
• Lower highs forming → trend weakening
• Bounces weak hain, buyers not aggressive
🔑 Key levels:
• Resistance: 1.72 – 1.75 (supply zone)
• Support: 1.60 (break = deeper pullback possible)
• Major level: 1.50 area (next demand if sell continues)
Volume spike top pe aaya tha, but follow-through missing — often a sign of profit booking, not fresh accumulation.
Yeh phase usually FOMO ka end hota hai… smart money exit leta hai, late buyers trap hote hain.
Abhi chase karna risky hai — wait for proper structure shift or deeper pullback.
#SİREN #Crypto #Trading #priceaction #altcoins $SIREN
