$SIREN
SHORT SETUP — BEARS STILL IN CONTROL 🔻🐻
The market structure on $SIREN / USDT is showing a clear short-term bearish trend after a sharp rejection from the upper resistance zone. Price attempted a recovery, but the bounce lacks strength and volume — signaling that the move is likely just a temporary relief rally before another leg down.
Currently trading around 0.3885 (-8.42%), the chart continues to form lower highs and aggressive selling candles, confirming that sellers still dominate the momentum. Unless bulls reclaim the resistance zone, downside pressure may continue toward lower liquidity areas.
📊 Market Structure Insight
After the rejection from resistance, price broke short-term support and shifted into a bearish market structure. The recent upward move appears weak and corrective, which often provides a better opportunity for short entries before continuation to the downside.
The 0.392 – 0.398 zone now acts as a supply area, where sellers previously stepped in aggressively. If price revisits this region, another rejection could trigger the next bearish leg.
⚡ Trade Setup — Short Position
🔹 Entry Zone: 0.392 – 0.398
🔹 Stop Loss: 0.405
🎯 Targets:
• TP1: 0.385
• TP2: 0.380
• TP3: 0.374
📉 Why This Setup Looks Strong
• Bearish lower-high structure remains intact
• Recent bounce shows weak bullish momentum
• Price approaching a supply / rejection zone
• Sellers previously defended this area aggressively
• Liquidity likely sits below current support levels
⚠️ Risk Management Reminder
Always manage risk carefully and avoid over-leveraging. If price breaks and holds above 0.405, the bearish structure would weaken and the setup becomes invalid.