SIREN‼️🚨🚨🚨🚨🚨📉
The SIREN whale is trying to intimidate short positions. There is an excessive amount of short interest, and by maintaining a wall around $0.90, it is keeping the price elevated — forcing shorts to abandon their positions. It is also creating the impression of an upward move to lure more longs in. Frankly, the worst-case scenario for shorts could be around $1.20, as the whale is putting serious pressure on the price. However, since sufficient liquidity has not yet accumulated inside, it is currently trying to hold the price — but smart money is now on the short side, and most of their liquidation levels are very far away. That’s why it is holding the price up to attract more longs. But it cannot do this forever. Even if you’re a whale, this comes at a cost. This coin is particularly unsuitable for long positions right now. Use stop losses. This does not constitute investment advice.“
The SIREN whale is trying to intimidate short positions. There is an excessive amount of short interest, and by maintaining a wall around $0.90, it is keeping the price elevated — forcing shorts to abandon their positions. It is also creating the impression of an upward move to lure more longs in. Frankly, the worst-case scenario for shorts could be around $1.20, as the whale is putting serious pressure on the price. However, since sufficient liquidity has not yet accumulated inside, it is currently trying to hold the price — but smart money is now on the short side, and most of their liquidation levels are very far away. That’s why it is holding the price up to attract more longs. But it cannot do this forever. Even if you’re a whale, this comes at a cost. This coin is particularly unsuitable for long positions right now. Use stop losses. This does not constitute investment advice.“