$SIREN Your choices in this situation:
Add more collateral/margin — This is the fastest way to push your liquidation price lower and buy yourself more breathing room. If you have funds available, this is the most common defensive move.
Partially close your position — Reducing your position size lowers your exposure and moves your liquidation price further away. You take a smaller loss now to avoid a full liquidation.
Set a stop-loss just above $1.14 — If you haven't already, manually close the position before liquidation hits. Liquidations often come with extra fees/penalties on top of the loss.
Full close / exit now — If you're not confident in the trade anymore, cutting losses early is always a valid choice. A controlled exit beats a forced liquidation.
Hold and wait — Only viable if you genuinely believe in a reversal AND have time/funds to add margin if needed. This is the highest-risk option right now.
Trade $SIREN here 👇
