$SIREN target 1 hit successfuly 🎯
and still faces a selling pressure and ready for 2nd target 🎯
check my previous post guys👇✨
Post
--Bearish
$SIREN Short setup
Looking at the 15m chart for $SIREN /USDT, there are several technical indicators suggesting a potential short-setup as the price reacts to the Middle Bollinger Band.
Technical Analysis (15m Timeframe)
* Bollinger Bands Reaction: The price recently attempted to break above the Middle Band (MB: 0.18436) but was rejected, forming a bearish candle. As long as the price stays below this level, the immediate momentum remains bearish.
* Price Action: The asset has seen a significant -23.05% drop today. While there was a slight bounce from the 24h low ($0.16230), the current recovery is struggling to maintain higher highs.
* Volume: Volume appears to be tapering off on the green candles, suggesting a lack of strong buying conviction to reverse the downward trend.
Short Trade Setup
This setup focuses on a rejection from the current resistance levels:
* Entry Range: $0.18230 - $0.18430 (near the Middle Bollinger Band).
* Take Profit 1: $0.17650 (local support).
* Take Profit 2: $0.17160 (Lower Bollinger Band).
* Take Profit 3: $0.16500 (approaching 24h low).
* Stop Loss: Above $0.18800 (breaking the recent minor swing high).
Risk Management
Since this coin is down over 23%, it is highly volatile. If the price manages to close a 15m candle decisively above the Middle Band ($0.18436), the short thesis is invalidated, and it may attempt to fill the gap toward the Upper Band ($0.19610).
short $SIREN here
#bearishmomentum #TrendingTopic #TrendingPredictions #BTC
Looking at the 15m chart for $SIREN /USDT, there are several technical indicators suggesting a potential short-setup as the price reacts to the Middle Bollinger Band.
Technical Analysis (15m Timeframe)
* Bollinger Bands Reaction: The price recently attempted to break above the Middle Band (MB: 0.18436) but was rejected, forming a bearish candle. As long as the price stays below this level, the immediate momentum remains bearish.
* Price Action: The asset has seen a significant -23.05% drop today. While there was a slight bounce from the 24h low ($0.16230), the current recovery is struggling to maintain higher highs.
* Volume: Volume appears to be tapering off on the green candles, suggesting a lack of strong buying conviction to reverse the downward trend.
Short Trade Setup
This setup focuses on a rejection from the current resistance levels:
* Entry Range: $0.18230 - $0.18430 (near the Middle Bollinger Band).
* Take Profit 1: $0.17650 (local support).
* Take Profit 2: $0.17160 (Lower Bollinger Band).
* Take Profit 3: $0.16500 (approaching 24h low).
* Stop Loss: Above $0.18800 (breaking the recent minor swing high).
Risk Management
Since this coin is down over 23%, it is highly volatile. If the price manages to close a 15m candle decisively above the Middle Band ($0.18436), the short thesis is invalidated, and it may attempt to fill the gap toward the Upper Band ($0.19610).
short $SIREN here
#bearishmomentum #TrendingTopic #TrendingPredictions #BTC
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