$SIREN — Oversold Stabilization, Relief Bounce Setup
$SIREN is attempting to stabilize after a sharp capitulation, opening the door for a potential dead-cat bounce from deeply oversold levels.
On the 30m chart, price flushed hard from the 0.305 area, printing capitulation wicks near 0.072, followed by tight consolidation below the EMA 25/99. Selling pressure is clearly easing, suggesting the possibility of a short-term relief move.
LONG Setup (Counter-Trend)
Entry Zone: 0.0880 – 0.0910
Stop Loss: 0.0820
Targets:
TP1: 0.0980
TP2: 0.1080
TP3: 0.1220
This is a counter-trend bounce play, not a full trend reversal. Manage risk tightly and take profits aggressively near EMAs and prior breakdown levels.
Trade with discipline.
SIRENUSDT
Perp
0.14592
+15.11%