$SIREN is bleeding -33.71%, and anyone blindly buying this dip is walking into a meat grinder.
The crowd thinks this is the bottom, but they are totally blind to the fact that 76 dominant whales are completely controlling the trend with $7.91M in massive short positions, laughing all the way to the bank with over $2.82M in realized/unrealized profits. Meanwhile, 110 trapped buyer whales are stuck holding $4.69M in losing longs, completely underwater. The notional long/short ratio is sitting at a weak 59.36% while the funding rate is highly negative at -0.1241%, meaning the downward pressure is incredibly heavy. This capitulation is just getting started.
I am heavily leaning on the short side with the profitable whales before this token sinks completely into the abyss.
My Personal Trade Plan:
• My Entry Zone: $0.800 - $0.820
• My Targets (TP): $0.720 / $0.650 / $0.580
• My Risk Cutoff (SL): $0.895
