Price may be bouncing on $SIREN , but the bigger picture still looks like a market searching for lower liquidity.
$SIREN /USDT – SHORT
Trade Plan
Entry: $0.0595 – $0.0625
SL: $0.0675
TP1: $0.0530
TP2: $0.0460
TP3: $0.0388
Why This Setup?
4H Structure: SIREN continues to trade within a bearish market structure, with recovery attempts failing to establish a sustained series of higher highs and higher lows.
Price Positioning: Current price action remains vulnerable below major resistance. Until buyers reclaim key levels, rallies are likely to be viewed as opportunities for sellers to re-enter.
Daily Context: The broader trend remains bearish, suggesting downside liquidity remains the primary attraction. Any upside movement should be treated as a corrective bounce unless structure shifts decisively.
Volume Behavior: Buying activity has not shown the strength typically associated with a trend reversal. Weak follow-through near local highs favors the continuation of downside pressure.
As long as price remains below major resistance and fails to attract aggressive buy-side volume, sellers maintain the advantage and may continue targeting lower support zones.
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