$SIREN IS ENTERING THE SAME DANGER ZONE ... NOW I’M WATCHING FOR THE UNWIND
I’m looking for a BIG SHORT on SIREN around this area.
Entry: 0.0300–0.0320
TP1: 0.0280
TP2: 0.0255
Final Target: 0.0235
SL: 0.0380
Why short after such a strong breakout?
Because the pump has already done the job of pulling late buyers in. SIREN exploded from around 0.0203 to 0.0327, but price is now sitting directly under the recent high after an extremely vertical move.
This is where I start watching for exhaustion.
Late buyers entered high.
Price is stretched.
Liquidity is sitting lower.
One strong rejection can quickly turn this pump into a sharp correction.
As long as 0.0325–0.0345 keeps rejecting price, I’m watching for the move back toward 0.0235.
Trade on $SIREN
I’m looking for a BIG SHORT on SIREN around this area.
Entry: 0.0300–0.0320
TP1: 0.0280
TP2: 0.0255
Final Target: 0.0235
SL: 0.0380
Why short after such a strong breakout?
Because the pump has already done the job of pulling late buyers in. SIREN exploded from around 0.0203 to 0.0327, but price is now sitting directly under the recent high after an extremely vertical move.
This is where I start watching for exhaustion.
Late buyers entered high.
Price is stretched.
Liquidity is sitting lower.
One strong rejection can quickly turn this pump into a sharp correction.
As long as 0.0325–0.0345 keeps rejecting price, I’m watching for the move back toward 0.0235.
Trade on $SIREN