SIREN is dead! From 4.8 plummeting to 1.0, controlled to the bone. Do retail investors still dare to buy?
Looking at this chart of SIREN, my first reaction is that this coin has already been crushed by the speculators. Right now, don't even think about catching the falling knife. Let me break it down for you:
1. On the macro level, it's just pure speculation. This wave of rise is solely because it rode the wave of AI hype; everyone is FOMO-ing, and no one cares whether it has any actual value. Now that the hype is over, coins without a foundation will drop the hardest; it's all just a bubble.
2. The chips are too dirty, highly controlled. I’ve looked at the on-chain data until I wanted to vomit; more than half of the coins are held in the hands of just two or three hundred addresses. Isn’t this just market manipulation? It looks like there's volume on the outside, but in reality, the liquidity is all fake. With institutions like DWF Labs getting involved, I’m even more hesitant to play; they excel at pulling up prices before crashing them, specifically targeting contracts.
3. Technical trends show a typical A-shaped kill. The four-hour chart is crystal clear; from 4.8 to the current 1.0, it's not just a halving, it's been utterly smashed. Although it has dropped significantly now, all the moving averages are pressing down with no signs of reversal whatsoever. Don't believe that just because it has dropped a lot, it will go up, brothers; in the eyes of the speculators, as long as they want to crash it, there is always a basement under the floor.
4. The liquidation chart shows that the bulls are completely dead. On that heat map, from 1.2 to 1.5, there are dense points of bull liquidation. What does this indicate? It indicates that all the way down, it’s been nothing but bloody chips. Right now, there’s no support below the price; it's all a vacuum zone, and any slight selling pressure will continue to push it down.
My operational thoughts are that I won’t touch it in the short term, and I don’t recommend bottom fishing. It may look cheap now, but that’s either because the speculators haven’t absorbed enough chips or they are in the process of unloading. If it dares to rebound to 1.3 or 1.4, I actually think it’s an opportunity to add shorts or flee. For coins that are highly controlled, ordinary retail investors going in are just sending themselves to the slaughter; when liquidity dries up, you won’t even be able to escape.
Brothers, a strong coin that can explode to 10 times profits is coming. I will prepare for a big wave in the upcoming market; this time, a successful all-in will definitely fill the coffers. If you want to witness it, call 聊天室.
#特朗普希望尽快结束对伊朗战争 $SIREN
