Trading Plan Short $SIREN
$SIREN got rejected hard at the 1H EMA21/50 confluence after a weak bounce.
Entry: $0.03140-$0.03210
Stoploss: $0.03280
Targets: $0.03070 / $0.02940 / $0.02700
SIREN is struggling to reclaim the EMAs on the 1H, which are now acting as resistance. The 4H bull trend is losing steam as sellers are aggressive, evidenced by a 0.78 taker buy/sell ratio. Retail is heavily long with a 4.26 L/S ratio, setting up potential liquidity below recent lows. OI is flat, but a flush could easily cascade. Reclaim $0.03280, short voided.
Trade $SIREN here 👇
$SIREN got rejected hard at the 1H EMA21/50 confluence after a weak bounce.
Entry: $0.03140-$0.03210
Stoploss: $0.03280
Targets: $0.03070 / $0.02940 / $0.02700
SIREN is struggling to reclaim the EMAs on the 1H, which are now acting as resistance. The 4H bull trend is losing steam as sellers are aggressive, evidenced by a 0.78 taker buy/sell ratio. Retail is heavily long with a 4.26 L/S ratio, setting up potential liquidity below recent lows. OI is flat, but a flush could easily cascade. Reclaim $0.03280, short voided.
Trade $SIREN here 👇