Reaction After Bounce—Is Selling Pressure Returning? 55% in $SIREN
... The price recovered sharply from lower levels, but now the price is pulling back near the day's high level. The 1-hour chart of $SIREN shows a red candle after a sharp rally, indicating that profit-taking may have started at upper levels.
Where is the Short Focus?
If the price cannot strongly close above the current resistance level, a pullback could deepen. What do you think the next move will be—downwards, or will buyers regain momentum? Share your thoughts in the comments.
Short Setup — $SIREN
Entry: 0.03376
Stop Loss: 0.03620
Target 1: 0.03100
Target 2: 0.02850
SHORT Now 👇
... The price recovered sharply from lower levels, but now the price is pulling back near the day's high level. The 1-hour chart of $SIREN shows a red candle after a sharp rally, indicating that profit-taking may have started at upper levels.
Where is the Short Focus?
If the price cannot strongly close above the current resistance level, a pullback could deepen. What do you think the next move will be—downwards, or will buyers regain momentum? Share your thoughts in the comments.
Short Setup — $SIREN
Entry: 0.03376
Stop Loss: 0.03620
Target 1: 0.03100
Target 2: 0.02850
SHORT Now 👇