🔍 $SIREN $4.81 → $1.16 → bouncing. Correction or dead cat?
1.27 billion USDT volume today. This thing is still alive.
Here's my honest read of the 4H structure:
The spike to $4.81 was parabolic, no base, pure momentum. Those moves always correct hard. The $1.16 wick was the panic flush.
But now? Higher lows forming. $1.16 → bounce → $2.06 → holding $1.70.
That's not a downtrend pattern. That's a volatile correction building a base.
My read: this is a flat regular correction, not a reversal. As long as $1.10 holds, another leg up is possible.
Lose $1.10 on volume? Then it's distribution. Game over.
What's your read recovery or trap? 👇