๐ฅ $SIREN โ SHORT SETUP OR BOUNCE? ๐
Iโm watching $SIREN closely here. The 1H chart is showing weakness, and Iโm not rushing into a long just yet.
๐ Entry: 0.0230โ0.0232 (only after bearish confirmation)
๐ก๏ธ SL / Invalidation: Above 0.02395
๐ฏ TP1: 0.02256
๐ฏ TP2: 0.02210
๐ฏ TP3: 0.02050
๐ Setup:
Price is trading below MA(7) at 0.02326 and MA(25) at 0.02351, while MA(99) at 0.02653 shows the bigger trend is still weak.
I want to see sellers push price below 0.02256 before considering further downside. A reclaim of 0.02351 would make me morecautious about the short.
โ ๏ธ Risk: A strong move above 0.02395 could weaken this setup. Iโd wait for confirmation rather than chase the candles.
๐ฌ What do you think, traders โ will $SIREN break 0.02256 or surprise us with a bounce? ๐
#SIREN #CryptoTrading #BinanceSquare #TechnicalAnalysis #Write2Earn
Iโm watching $SIREN closely here. The 1H chart is showing weakness, and Iโm not rushing into a long just yet.
๐ Entry: 0.0230โ0.0232 (only after bearish confirmation)
๐ก๏ธ SL / Invalidation: Above 0.02395
๐ฏ TP1: 0.02256
๐ฏ TP2: 0.02210
๐ฏ TP3: 0.02050
๐ Setup:
Price is trading below MA(7) at 0.02326 and MA(25) at 0.02351, while MA(99) at 0.02653 shows the bigger trend is still weak.
I want to see sellers push price below 0.02256 before considering further downside. A reclaim of 0.02351 would make me morecautious about the short.
โ ๏ธ Risk: A strong move above 0.02395 could weaken this setup. Iโd wait for confirmation rather than chase the candles.
๐ฌ What do you think, traders โ will $SIREN break 0.02256 or surprise us with a bounce? ๐
#SIREN #CryptoTrading #BinanceSquare #TechnicalAnalysis #Write2Earn