🚨 SIREN rebounds after a sharp plunge! Still down 24.2% over 24H, but up 8.4% in 1H!
But here’s what’s interesting: trading volume climbed to 1.8×, while OI actually increased by 4.4%. Yet there are no KOLs talking about it on social media, and retail shorts are only at 1.1×. The rebound is making some moves, but sentiment hasn’t truly recovered. The data still needs verification.
📊 What does this mean? Bears may get a temporary breather, but chasing shorts could leave you caught out by a rebound. Buying the dip now could also mean catching the last leg of the plunge.
My take: For now, treat this as a “rebound to watch”—definitely don’t blindly buy the dip. If the rebound continues and a clear bottoming signal appears, then we can look for a recovery. If it weakens again, beware of another leg down.
Do you think SIREN is bouncing off a bottom, or is this just a pause before another plunge? 👇
#SIREN #OversoldBounce
But here’s what’s interesting: trading volume climbed to 1.8×, while OI actually increased by 4.4%. Yet there are no KOLs talking about it on social media, and retail shorts are only at 1.1×. The rebound is making some moves, but sentiment hasn’t truly recovered. The data still needs verification.
📊 What does this mean? Bears may get a temporary breather, but chasing shorts could leave you caught out by a rebound. Buying the dip now could also mean catching the last leg of the plunge.
My take: For now, treat this as a “rebound to watch”—definitely don’t blindly buy the dip. If the rebound continues and a clear bottoming signal appears, then we can look for a recovery. If it weakens again, beware of another leg down.
Do you think SIREN is bouncing off a bottom, or is this just a pause before another plunge? 👇
#SIREN #OversoldBounce