⚠️ FREE FALL IN $SIREN : WHAT HAPPENED AND WHERE IS THE BOTTOM?
The $SIREN /USDT token made one of the day's most aggressive moves in Binance Futures!
After reaching a recent all-time high of 0.04135 USDT, the asset faced strong rejection and plunged more than 35%, now trading around 0.02133 USDT!
📌 Chart Breakdown:
🔻 Pressure Point: Losing the 25- and 99-period moving averages on the 1-hour chart accelerated liquidations among traders with leveraged Long positions.
🛡️ Key Support: The price is currently trying to hold the bottom around 0.02106 USDT. If this zone fails, we could see a test of historical support near 0.02030 USDT.
📈 What needs to happen for a turnaround? To show any signs of recovery, $SIREN needs to first break through the 0.02500 USDT barrier with significant buying volume.
💬 Now we want to hear from the community:
Do you think 0.021 USDT is an excellent buying opportunity during this liquidation, or will the asset continue searching for lower lows?
Share your analysis below! 👇
$SIREN
#SIREN #CryptoNews #BinanceSquare #Futures #Altcoins
The $SIREN /USDT token made one of the day's most aggressive moves in Binance Futures!
After reaching a recent all-time high of 0.04135 USDT, the asset faced strong rejection and plunged more than 35%, now trading around 0.02133 USDT!
📌 Chart Breakdown:
🔻 Pressure Point: Losing the 25- and 99-period moving averages on the 1-hour chart accelerated liquidations among traders with leveraged Long positions.
🛡️ Key Support: The price is currently trying to hold the bottom around 0.02106 USDT. If this zone fails, we could see a test of historical support near 0.02030 USDT.
📈 What needs to happen for a turnaround? To show any signs of recovery, $SIREN needs to first break through the 0.02500 USDT barrier with significant buying volume.
💬 Now we want to hear from the community:
Do you think 0.021 USDT is an excellent buying opportunity during this liquidation, or will the asset continue searching for lower lows?
Share your analysis below! 👇
$SIREN
#SIREN #CryptoNews #BinanceSquare #Futures #Altcoins