$SIREN MM has been gomming from 1 year ago about 65% of the total supply (in reality, about 82% of tokens are actually in circulation) - currently valued at around 1.3 billion $. This amount of tokens was just transferred to nearly 50 new wallet addresses yesterday and hasn’t been sold even a bit.
Thus, there is a high chance it will continue to be pushed, shorting is too risky (it will kill you first and then crash later). The insight is to monitor the on-chain number of wallets above - if you see signs of gradual selling, it means the price is starting to peak.
Note:
1. The price will run very quickly and strongly in the phase about to create a peak, a pump of x2 x3 is normal
2. MM does not sell at the peak; they usually start selling gradually as they approach the peak. Therefore, observe carefully to short if you want to bet, not just because you see a bunch of wallets dumping that you open a short immediately.
Hope the above information is useful for you long-short addicts, especially for the group that likes to pioneer stopping the train😂
