Sorry for Stop loss 🤧
$SIREN Strong Uptrend
The market is in a parabolic advance followed by clear signs of exhaustion (extreme RSI, price outside Bollinger Band, negative funding, low volume at highs). The risk of a significant correction is very high.
Decision: Primary: Look for Short Opportunities, Secondary: Wait for Deep Pullback to Long
Entry $SIREN
• For Aggressive Shorts: on a failed retest of lower highs around 1.60-1.65 USDT
• A break and close below the 1.40 USDT immediate support could be another short trigger.
• For Longs (Counter-trend / Trend Continuation): WAIT. Do not chase. A prudent long entry would only be considered after a deep correction towards the MA20 1.00 USDT or the support 0.92 USDT area
Stop-Loss:
• For Shorts: Place above the recent swing high ~ 1.65 or 1.70 USDT.
• For Longs: below 0.90 USDT if buying near 1.00 USDT
Target Price $SIREN
• Short Target: support confluence 1.00-0.92 zone
• Long Target (if deep pullback occurs): 1.40-1.50 USDT resistance zone.
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