SIREN/USDT Short Outlook | Capitalizing on Downward Pressure 📉
I am currently maintaining a short position on SIREN/USDT as the market structure suggests further downside potential. Despite some minor initial volatility, the trend remains bearish, and I am aiming for a significant correction toward the key support levels.
Trade Execution Details:
Entry Price: $0.2129200
Take Profit (TP): $0.1809500
Leverage: Cross 20x
Margin Ratio: 1.33% (Carefully managed for risk mitigation)
Market Analysis:
The price action is currently consolidating near my entry, but the lack of buying volume indicates that the bears are still in control. I have set my Take Profit at $0.1809500, which represents a solid technical target for this move. Maintaining a disciplined approach and waiting for the momentum to shift in our favor.
Are you shorting the weakness in SIREN, or are you looking for a long reversal? Let’s discuss your strategy in the comments! 👇
Disclaimer: This post reflects my personal trading view and is for educational purposes only. Futures trading involves high risk. Always Do Your Own Research (DYOR).
#siren #CryptoTrading #ShortPosition #BinanceSquare #TradingSignals
#Bearish #Altcoins