$SIREN — Blow-Off Top or Fake Breakdown? 💥
Entry: 0.122 – 0.126 🟩
Stop Loss: 0.152 🛑
Target 1: 0.115 🎯
Target 2: 0.105 🎯
Target 3: 0.095 🎯
Technical Context
Parabolic expansions often end with:
• Vertical price acceleration
• Large upper wicks (rejection)
• Volume climax at highs
• Loss of structure on lower timeframes
If 0.120 fails with strong momentum and increasing sell volume, continuation toward the 0.105–0.095 liquidity pocket becomes technically plausible.
However — blow-off top setups are highly volatile. Failed breakdowns can trigger violent short squeezes.
What Confirms the Bearish Case:
✔ Lower highs forming on 1H/4H
✔ Increasing sell-side volume
✔ Weak bounces into resistance
✔ No strong reclaim above breakdown level
Invalidation:
A strong reclaim and hold above 0.130–0.135 would weaken the immediate bearish thesis.
A push toward 0.152 clearly invalidates this plan.
Stay disciplined. Let structure confirm before scaling in.
High volatility = position sizing matters.
Disclaimer: Trading involves risk. Not financial advice.
#siren #CryptoTrading. #ShortSetup #Marketstructure 💥$SIREN
