$SIREN Bounce pushing into resistance while upside momentum begins to fade
Trading Plan: Short $SIREN (max 10x)
Entry: 0.540 – 0.572
SL: 0.61
TP: 0.510
TP: 0.470
TP: 0.430
The recent bounce pushed price higher, but the move is beginning to lose its strength around this area. Buyers managed to extend the rally earlier, though the follow through now looks weaker and the structure is starting to become more choppy.
Instead of a clean continuation to the upside, the advance is turning into a slower grind higher.
When momentum starts to fade like this after a bounce, it often signals that buyers are running out of strength.
Sellers appear to be gradually stepping back into the market, and if buying pressure continues to cool off, this zone could trigger a pullback toward the lower levels outlined in the targets.
SIRENUSDT
Perp
1.2761
+11.62%