$SIREN

$SIREN has confirmed a structural breakdown after losing the $0.2200 support zone. The long liquidation at $0.2137 was not just a spike; it was a forced removal of weak bullish positioning. When liquidation happens below a broken support level, it usually strengthens bearish continuation rather than signaling reversal.

Price compressed for several sessions before the breakdown. That compression created trapped longs above $0.2150–$0.2200. Once support failed, the market expanded aggressively to the downside. The prior support at $0.2200 has now clearly flipped into resistance, and price is trading below it without any strong reclaim attempt.

The current structure shows a clear lower high formation and continuation pressure. Momentum is strong on the downside, with expansion candles following the liquidity sweep. There is still visible sell-side liquidity resting below recent lows, particularly toward $0.1980 and deeper into $0.1840. The market is now trading inside a low-liquidity pocket, which increases the probability of fast continuation toward lower demand zones.

Unless $SIREN reclaims $0.2200 with strength, the path of least resistance remains down.

EP: $0.2120 – $0.2150

TP1: $0.1980

TP2: $0.1840

TP3: $0.1710

SL: $0.2280

Trend strength remains negative with consistent lower highs and lower lows.

Momentum shows strong bearish expansion following the liquidation event.

Failure to reclaim $0.2200 increases probability of continuation toward deeper liquidity at $0.1840 and $0.1710.

Risk is clearly defined above $0.2280. As long as price remains below flipped resistance, bearish continuation remains favored.

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