$SIREN
This is a fresh breakout candle with extreme expansion (low ~0.051 to high ~0.388) and heavy volume. After a move like this, the edge is NOT chasing the wick, it’s trading the retest or the range.
Decision: Wait for confirmation. Trade only a clean retest or a breakdown.
Long idea (safer):
Entry: retest hold 0.235–0.255 (buy strength after it holds, not inside panic)
Targets: 0.290 → 0.330 → 0.388
Stop: below 0.220 (or last higher low on 1h)
Momentum long (aggressive):
Entry: reclaim and hold 0.285+
Targets: 0.330 → 0.365 → 0.388
Stop: below 0.270
Short idea (only if it fails):
Entry: rejection under 0.285 or breakdown below 0.235
Targets: 0.205 → 0.183 → 0.150
Stop: above 0.300 (for rejection setup) / above 0.250 (for breakdown setup)
Pro tips: scale out at each target, move stop to breakeven after T1, and avoid oversized leverage on a coin that just printed a massive daily candle.