🚨 $SIREN Downtrend

K-line shows explosive volume during the rally to the 24H high of 4.81 USDT. The most recent candles show price declining on relatively lower but still substantial volume, suggesting the buying frenzy has subsided and sellers are stepping in. This is a classic sign of distribution after a parabolic move.

Entry short $SIREN : pullback towards the 2.528-2.620 range (confluence of former support and the MA20).

• An aggressive entry could be considered on a break and close below the 2.38 (near recent swing low).

Stop-Loss: at 2.68-2.72 (above the MA10 and recent minor resistance)

Target Price $SIREN : 2.00 USDT. A break below this could target 1.75 USDT.

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