$SIREN - the price has hit a key support level - the token experienced a massive 60% drop due to profit-taking by whales and widespread position closing on futures.
LONG $SIREN for a bounce off the critical support zone
Entry 0.4650 - 0.4850
Stop 0.4350
Targets 0.5800 - 0.7200
The range $0.4700 - $0.5000 has historically been a solid concrete demand block - sellers have hit this barrier. RSI on the hourly candlestick chart has entered the extreme oversold zone (below 25). Technically, this indicates an imminent counter-trend bounce, as the relentless decline has exhausted the bears' strength.
$SIREN
DYOR
#siren
LONG $SIREN for a bounce off the critical support zone
Entry 0.4650 - 0.4850
Stop 0.4350
Targets 0.5800 - 0.7200
The range $0.4700 - $0.5000 has historically been a solid concrete demand block - sellers have hit this barrier. RSI on the hourly candlestick chart has entered the extreme oversold zone (below 25). Technically, this indicates an imminent counter-trend bounce, as the relentless decline has exhausted the bears' strength.
$SIREN
DYOR
#siren