📊 Trade Setup: $SIREN /USDT (Perp)
The Strategy: Trend Continuation or Support Bounce
The Parabolic SAR (the yellow dots) has flipped above the candles, indicating a short-term bearish/cooling-off trend. However, the price is holding above the recent breakout zone.
Entry Zone: 0.2080 – 0.2160
Why: This area is acting as immediate local support. Entering near the lower end of this range provides a better risk-to-reward ratio.
Take Profit (TP 1): 0.2310
Target: This is the mid-point of the recent drop and a psychological resistance level.
Take Profit (TP 2): 0.2490
Target: Near the recent 24h high. A break above this could lead to "price discovery."
Stop Loss (SL): 0.1980
Reason: If the price drops below 0.2000, the bullish momentum has likely failed, and it may retraced deeper toward the 0.1800 level.
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