๐ Will $SIREN continue rising, or is a correction approaching?
* The price is at 0.03936 USDT, up 55.63% in 24 hours, with strong positive momentum.
* The price is above EMA(7) at 0.03703 and EMA(25) at 0.03326, supporting a continued uptrend.
* Resistance: 0.03971, then 0.04068; breaking through and holding above these levels could open the way for another rise.
* Nearby support: 0.0370, then 0.0364; a break below them could lead to a deeper correction.
* Selling strategy: I donโt recommend selling at random right now; watch for a rejection at resistance or a break below support to confirm a short entry.
* The bearish scenario is invalidated if the price breaks above 0.04068 and holds there.
* Summary: The trend is bullish, but selling now is risky
because of the strong momentum; itโs better to wait for clear confirmation of a reversal.
* The price is at 0.03936 USDT, up 55.63% in 24 hours, with strong positive momentum.
* The price is above EMA(7) at 0.03703 and EMA(25) at 0.03326, supporting a continued uptrend.
* Resistance: 0.03971, then 0.04068; breaking through and holding above these levels could open the way for another rise.
* Nearby support: 0.0370, then 0.0364; a break below them could lead to a deeper correction.
* Selling strategy: I donโt recommend selling at random right now; watch for a rejection at resistance or a break below support to confirm a short entry.
* The bearish scenario is invalidated if the price breaks above 0.04068 and holds there.
* Summary: The trend is bullish, but selling now is risky
because of the strong momentum; itโs better to wait for clear confirmation of a reversal.