Got it — with that sharp rejection after a big move, the original plan is pretty aggressive. Let’s tighten it up and reduce risk.
*$SIREN LONG 🚀 (High Risk - Adjusted)*
- *Entry*: 1.80 – 1.95
_Reason_: Wait for reclaim + volume above 1.80. Buying 1.60–1.75 after a sharp rejection is catching a falling knife. Let it prove buyers are back.
- *SL*: 1.58
_Reason_: Below the rejection wick low. If it loses 1.60 again with volume, the long thesis fails. Tighter risk: ∼12–19% vs 15–20% before.
- *TP1*: 1.98 — Take 30–40% off
_Reason_: Back to rejection zone. First resistance, high probability of another stall.
- *TP2*: 2.25 — Take another 30–40% off
_Reason_: Next supply level before your old TP2. Lock profit before 2.30 sellers.
- *TP3*: 2.65 — Runners
_Reason_: Leave some for full send, but 2.70 is a round number liquidity grab. 2.65 avoids the wall.
*Key changes:*
1. *Higher entry* - Don't front-run a bounce. Make it reclaim structure first.
2. *Tighter SL* - 1.40 is too wide after a rejection. If 1.58 fails, momentum is gone.
3. *Scaled TPs* - Take profit faster. Rejected moves often chop or retest lows.
Risk/Reward on 1.88 entry to 1.58 SL → 2.25 TP2 = 1:1.9. Not perfect, but safer than hoping 1.60 holds.
This is still a risky counter-trend play. Size down. Not financial advice — just technical adjustment based on "sharp rejection".