@Siren looks overheated after a massive run
+100% move after which the structure being formed does not seem like a clean continuation — rather it looks like distribution. The chart shows a clear double rejection around the top zone (~1.75–1.78), where sellers took control.
What happened after that?
Lower highs + steady bleed down → classic sign of momentum exhaustion.
📉 Current read:
• Strong rejection from highs (double top type behavior)
• Lower highs forming → trend weakening
• Bounces are weak, buyers not aggressive
🔑 Key levels:
• Resistance: 1.72 – 1.75 (supply zone)
• Support: 1.60 (break = deeper pullback possible)
• Major level: 1.50 area (next demand if sell continues)
Volume spike came at the top, but follow-through is missing — often a sign of profit booking, not fresh accumulation.
This phase usually marks the end of FOMO… smart money exits, late buyers get trapped.
Chasing now is risky — wait for a proper structure shift or deeper pullback.
#SİREN #Crypto #Trading #priceaction #altcoins $SIREN
