SIREN ran straight into the resistance zone and got rejected with a strong bearish candle. The sellers showed up right where they were supposed to. 👀
📉 Entry: 0.02355
🛑 Stop Loss: 0.02438 (above the rejection wick)
🎯 Take Profit: 0.02076 – 0.02062
⚖️ Risk to Reward: about 1:3.5
Why this setup?
✅ Price tapped the resistance zone and was rejected
✅ Bearish momentum candle after the rejection
✅ Liquidity sitting below at 0.0207 for price to target
✅ Tight stop, big reward
⚠️ Don't chase it. If price pushes back above the resistance and holds, the setup is invalid. Let the chart prove you right, and always use a stop loss.
Not financial advice. Do your own research and manage your risk. 🧠
#SIREN #SIRENUSDT #Binance #BinanceSquare #Futures #TradingSignals #Shorts #TechnicalAnalysis
📉 Entry: 0.02355
🛑 Stop Loss: 0.02438 (above the rejection wick)
🎯 Take Profit: 0.02076 – 0.02062
⚖️ Risk to Reward: about 1:3.5
Why this setup?
✅ Price tapped the resistance zone and was rejected
✅ Bearish momentum candle after the rejection
✅ Liquidity sitting below at 0.0207 for price to target
✅ Tight stop, big reward
⚠️ Don't chase it. If price pushes back above the resistance and holds, the setup is invalid. Let the chart prove you right, and always use a stop loss.
Not financial advice. Do your own research and manage your risk. 🧠
#SIREN #SIRENUSDT #Binance #BinanceSquare #Futures #TradingSignals #Shorts #TechnicalAnalysis