$SIREN 4 hours analyses
Again SIREN is going on 🚀🚀🚀🚀
$SIREN – Bounce into resistance, fading momentum 👀
Trading Plan: Short $SIREN (max 10x)
Entry: 1.5 – 1.6
SL: 1.7
TP1: 1.32
TP2: 1.20
TP3: 1.08
The recent bounce pushed price back into a key resistance zone, but momentum is clearly starting to weaken. Buyers attempted another push higher, yet the follow-through is lacking and price action is becoming increasingly choppy.
Instead of continuation, the structure suggests exhaustion — a typical sign that the move is losing strength. When price stalls like this after a strong bounce, it often leads to a pullback as sellers step back in and take control.
Watching for rejection in this zone to confirm downside continuation.
SIRENUSDT
Perp
1.81218
+0.69%