$SIREN /USDT: Post-collapse Analysis (1H/1D)

The market is experiencing a phase of extreme volatility after a sharp price drop from $1.20 to a local bottom of $0.50.

📊 Technical picture:

• Price: Currently consolidating around $0.54.

• Indicators: The asset is heavily oversold, the price is well below the average lines (MA 5/10/30).

• Data: There is a sharp increase in Open Interest at the lows, which indicates an active struggle between buyers and sellers.

🎯 Trading plan:

📈 Long (Bounce): Entry from $0.52–$0.54. Targets: $0.70 and $0.88. Stop: $0.49.

📉 Short (Continuation): Entry at a retest of the resistance of $0.65–$0.70. Targets: $0.50 and $0.42.

⚠️ Caution: High risk due to capitulation of spot buyers (negative CVD). Follow risk management!

SIRENUSDT

Διην.

0.495

-1.53%