$SIREN The needle is here!
Do you really dare to take on more?
SIRENUSDT
Perp
1.72113
-6.65%
Post
$SIREN The moving average is going down, and this wave of decline is on high volume, which should mean that there has been some selling in batches. I believe that fluctuations around 0.8 are quite normal.
The meme coin has no support; this trend does not look like accumulation, and there are still over a million long positions to be liquidated at 0.9, so there is a high probability that it will drop significantly before consolidating and frustrating traders.
However, shorting is probably not advisable due to high risk and limited space; buying below 0.8 might be more appealing!
(This is just a personal opinion, not investment advice.)
The meme coin has no support; this trend does not look like accumulation, and there are still over a million long positions to be liquidated at 0.9, so there is a high probability that it will drop significantly before consolidating and frustrating traders.
However, shorting is probably not advisable due to high risk and limited space; buying below 0.8 might be more appealing!
(This is just a personal opinion, not investment advice.)
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