🚨 𝗦𝗜𝗥𝗘𝗡/𝗨𝗦𝗗𝗧: 𝗕𝗼𝘂𝗻𝗰𝗲 𝗳𝗿𝗼𝗺 𝗦𝘂𝗽𝗽𝗼𝗿𝘁! 𝗥𝗲𝗹𝗶𝗲𝗳 𝗥𝗮𝗹𝗹𝘆 𝗼𝗿 𝗕𝗲𝗮𝗿 𝗧𝗿𝗮𝗽? 📈📉
Following a clean test of the support zone, $SIREN is currently experiencing a local bounce. Momentum is shifting, and a bigger move is brewing on the hourly chart.
🔍 𝗧𝗲𝗰𝗵𝗻𝗶𝗰𝗮𝗹 𝗕𝗿𝗲𝗮𝗸𝗱𝗼𝘄𝗻 (𝟭𝗛 𝗖𝗵𝗮𝗿𝘁):
Trendline Target: The ongoing recovery has the potential to continue toward a test of the descending trendline originating from the June 15 low.
The EMA 50 Battle: For the bulls to sustain this upward movement, it is crucial to break and hold above the 𝟱𝟬 𝗘𝗠𝗔. Gaining acceptance above this line will open the doors for a test of the overhead resistance blocks marked on the screenshot.
🎯 𝗞𝗲𝘆 𝗦𝗰𝗲𝗻𝗮𝗿𝗶𝗼𝘀 𝘁𝗼 𝗪𝗮𝘁𝗰𝗵:
The Bullish Path: Clearing the EMAs confirms the blue arrow trajectory, targeting the major supply zones near $𝟬.𝟬𝟰𝟲 and $𝟬.𝟬𝟱𝟬.
The Bearish Alternative: If buyers fail to show sufficient strength here, expect another leg down to sweep the remaining liquidity below the recent local lows ($𝟬.𝟬𝟯𝟴).
💬 What's your take on SIREN? Are we squeezing shorts back to $0.046, or is this just a dead cat bounce? Drop your comments below!
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