Based on chart observation and real-time market data, here’s the summary for SIREN for those looking for a smart entry point:
1. Technical reading: 📊
The currency is currently in a "sideways fluctuation" zone at levels of $2.27. We observe strong support preventing a drop, but caution is required as liquidity is in a state of watchfulness.
2. The Short Squeeze Trap: 🔥
The funding rate is very negative, meaning that most traders are betting on a decline. This often serves as fuel for a "sudden upward explosion" to liquidate short positions.