$SIREN 1H level is undergoing a strong consolidation above EMA20 (0.1410) after experiencing a massive surge. The 4H level has confirmed a breakout from the long-term consolidation zone, and the trend has turned bullish. The current price pullback presents an excellent second entry opportunity. OI remains stable, and after significant price fluctuations, it has refused to drop sharply, indicating a clear intention from the main players to protect the price, and the short squeeze logic continues.
🎯Direction: Long
🎯Entry/Order: 0.1540 - 0.1560 (Reason: 1H level EMA20 support zone and the dense area of the previous hourly candlestick lows)
🛑Stop Loss: 0.1470 (Reason: Breaking below the previous low at the 1H level and the ATR lower bound)
🚀Target 1: 0.1685 (Reason: Breaking through the previous high resistance, creating a new intraday high)
🚀Target 2: 0.1800 (Reason: Based on the 1.618 Fibonacci extension of the surge wave)
🛡️Trade Management:
- Position Suggestion: Light Position (Reason: Extremely high intraday volatility, need to strictly control risk)
- Execution Strategy: After the price touches Target 1, reduce position by 50% and move the stop loss to the entry price. Track the remaining position using the 1H level EMA20 as a trailing stop loss. If the price does not quickly move away from the cost area and drops back below 0.1540 after entry, consider exiting early.
Deep Logic: The 4-hour chart shows a volume breakout with a long bullish candle, completely reversing the downtrend. The 1-hour chart RSI (63.57) has healthily retreated from the overbought zone and has not entered the oversold area, indicating a strong adjustment. Market data shows that the bid depth (bid_ask_ratio_depth: 1.12) is slightly better than the ask side, and there are a large number of buy orders accumulated near 0.157, forming immediate support. The funding rate is only 0.005%, with no overheating risk, leaving space for further short squeezing. Combined with the market logic indicating "price increase + stable positions", this seems more like new long players entering rather than simply short sellers being squeezed, with potential momentum ahead.
Trade here 👇$SIREN ---
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