#SİREN /USDT — Short Bias Developing Despite Bullish Sentiment
While market sentiment is increasingly bullish, #SİREN /USDT is showing technical signs that suggest a possible downside move.
Trade Setup — SHORT
Entry Zone: 1.686111 – 1.761732
Stop Loss: 2.086903
Take Profit Targets:
🎯 TP1: 1.451686
🎯 TP2: 1.270196
🎯 TP3: 0.997960
Technical Rationale:
Although the 1D timeframe maintains a bullish structure, the 4H timeframe is presenting a potential short opportunity. Price is currently trading within a well-defined 4H resistance/supply zone (1.686–1.762), an area where selling pressure could emerge.
Additionally, the 15-minute RSI near 53 reflects neutral momentum, indicating a lack of strong buying pressure to support a sustained breakout above this resistance zone. This increases the probability of a rejection from current levels.
Market Perspective:
If this resistance holds, the current move could evolve into a bull trap scenario, potentially driving price toward TP1 at 1.451, with further downside targets if bearish momentum accelerates.
Risk Management Reminder:
As always, maintain proper position sizing and adhere strictly to stop-loss levels to manage downside risk.