Currency $SIREN explodes.. Is this the beginning of the third wave?
SIREN achieved a strong increase of 29%, as it touched levels of 0.548 before entering a very healthy consolidation phase. The good news is that the Relative Strength Index (RSI) has dropped to 68, which means that the "excess heat" from the price is being released while maintaining the upward trend.
We are now monitoring the current support area; if the price stabilizes above 0.48, the next explosion towards levels of 0.60 is just a matter of time. Liquidity remains huge, and this is a very positive indicator for investors.
Trading plan: SIREN/USDT (Buy - Long)
- Entry area: 0.4750 - 0.4900
- First target: 0.5400
- Second target: 0.6100
- Third target: 0.6800
- Stop loss: 0.4250 (Close below the 7-period moving average)
Always remember: strict risk management is the secret to success in futures trading.
What are your expectations for the next SIREN peak? Do we see 0.70 soon? Share your predictions!