🚨 $SIREN Strong Downtrend with Oversold Conditions
Wait for Rebound to Short. The primary trend is overwhelmingly bearish. However, the price is pressing against the Bollinger Lower Band with severely oversold RSI/KDJ readings, increasing the probability of a short-term technical bounce or consolidation.
Entry short $SIREN : Wait for a potential bounce towards the first key resistance around 1.19 or the 1.00 psychological level
• Alternative: below the Bollinger Lower Band 0.84 could signal a continuation of the downtrend and serve as a short entry signal.
Stop-Loss: if shorting near 1.19, a stop-loss around 1.25-1.26 (5% above) is reasonable
Target Price $SIREN : 0.90-0.77 USDT
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