$SIREN Technical Overview
Market Structure:
Following a strong pump, the chart shows clear distribution, with heavy selling pressure taking over.
Lower highs are forming, #signaling a shift in momentum toward bearish dominance.
Buyer support remains weak, increasing the likelihood of further downside.
Trade Setup:
Entry Zone: 1.00 – 1.05
Stop Loss: 1.18 (above recent swing high)
Take Profit Levels:
TP1: 0.92
TP2: 0.84
TP3: 0.72
Key Observations:
Price staying below 1.08 strengthens the bearish case and could accelerate downside.
Weak structural formations after aggressive dumps often lead to liquidity sweeps lower.
Risk management is critical due to potential volatility or sudden liquidity-driven moves.
STG
0.2397
-1.43%
C
0.0863
+1.05%