$SIREN bounced off the local bottom and is preparing for an upward impulse toward the liquidation pool of shorts near $0.03200!
$SIREN - 🟢 LONG · Conf 80%
Trading plan:
• Entry zone: 0.02860 – 0.02890
• SL: 0.02780
• TP1: 0.02980
• TP2: 0.03050
• TP3: 0.03200
Why this specific setup?
• Price is gradually pressing against dynamic resistance EMA25 ($0.02896) and EMA99 ($0.02919) on the 1h chart after a local bounce from the $0.02840 level.
• On the heatmap, a strong pool of short liquidations is clearly highlighted in the $0.03150–0.03229 range, acting as the main price magnet.
• The gradual formation of higher lows indicates buyers are accumulating strength for an impulse breakout and an exit from the current range.
• A safe stop-loss is placed beyond the local low $0.02786 ($0.02780) to protect against a deeper correction.
Will buyers be able to break the EMA25/EMA99 resistance and impulsively drive the shorts up to $0.03200?
⚠️ Analysis is for informational purposes only. NFA — manage risk and DYOR.
$SIREN - 🟢 LONG · Conf 80%
Trading plan:
• Entry zone: 0.02860 – 0.02890
• SL: 0.02780
• TP1: 0.02980
• TP2: 0.03050
• TP3: 0.03200
Why this specific setup?
• Price is gradually pressing against dynamic resistance EMA25 ($0.02896) and EMA99 ($0.02919) on the 1h chart after a local bounce from the $0.02840 level.
• On the heatmap, a strong pool of short liquidations is clearly highlighted in the $0.03150–0.03229 range, acting as the main price magnet.
• The gradual formation of higher lows indicates buyers are accumulating strength for an impulse breakout and an exit from the current range.
• A safe stop-loss is placed beyond the local low $0.02786 ($0.02780) to protect against a deeper correction.
Will buyers be able to break the EMA25/EMA99 resistance and impulsively drive the shorts up to $0.03200?
⚠️ Analysis is for informational purposes only. NFA — manage risk and DYOR.
