📉 $SIREN SONG OR BULL TRAP? 📉 (Short)
ENTRY: 0.2193 – 0.2350 🎯
SL: 0.2600 🛡️
TP 1: 0.1980 💰
TP 2: 0.1850 🔥
TP 3: 0.1500 🚀
🕵️ Why are we shorting SIREN?
Massive Wick Rejection: Looking at the 4H chart, SIREN attempted a major breakout to 0.25517 but was immediately met with aggressive selling pressure, leaving a long "upper wick." This proves the $0.25+ zone is a heavy supply wall where whales are offloading. 🛑
Bearish MACD Crossover: The MACD has officially crossed bearishly on the 4H timeframe. The DIF line is diving below the DEA, and the histogram has flipped to red, signaling that the upward momentum has completely shifted to the downside. 📉
Volume Climax: The recent push to the highs was met with a significant volume spike that failed to hold. This "buying climax" often marks the end of a trend, as the last remaining buyers are filled before a deep correction. ⛽
Targeting Support Retest: After failing to hold the upper range, SIREN is likely headed for a mean reversion. We are targeting a move back toward the 0.1840 support level, and potentially lower if the broad market remains bearish. 📉
