Headline: đ $SIREN Short Setup: Catching the Distribution Phase!
Market Analysis:
Looking at the SIRENUSDT USDS-Margined Perpetual chart, we are seeing a massive vertical pump followed by a sharp rejection at the $0.05236 peak. This type of aggressive selling into buy-side liquidity often signals a transition into a distribution phase.
Current Trade Details:
Symbol:Â SIRENUSDT PerpPosition:Â Short (15x Leverage)Entry Price:Â $0.10757Mark Price:Â $0.10052Current PNL:Â +104.09% (+824.71 USDT)Â đ
Short Setup Strategy:
Primary Bias: Bearish. The price has nuked after a vertical pump, and momentum indicators suggest sellers are now in full control.Resistance: Key resistance is firmly established around the $0.107 entry zone. As long as the price stays below the recent local highs, the downtrend remains intact.Profit Targets (TP):TP1: $0.0950 (Key support area)TP2: $0.0880 (EMA 21 support)TP3: $0.0730 (Deep retracement zone)
Risk Management:
Volatility is extremely high for this AI-driven meme coin. Keep a wide stop-loss or reduce position size if the price tests the $0.115 level again.$SIREN