$SIREN drifting back into supply after a weak bounce — upside still looks capped.
Trading Plan: SHORT $SIREN
Entry: 0.340 – 0.360
Stop Loss: 0.39
TP1: 0.315
TP2: 0.285
TP3: 0.250
Why This Setup?
$SIREN has drifted back into a known supply zone after a weak relief bounce. The structure doesn’t show strength — it shows hesitation.
The recent upside move looks corrective, not impulsive.
Momentum faded quickly after the bounce.
Follow-through buying is thin as price approaches resistance.
Offers are clearly absorbing strength, preventing clean expansion through prior highs.
Instead of strong continuation candles, we’re seeing stalls and rejection wicks — a classic sign of distribution rather than accumulation.
If sellers continue defending the 0.340–0.360 region, the path of least resistance likely rotates back toward lower liquidity pockets. A breakdown from this supply zone could trigger acceleration toward 0.315 first, with deeper targets open if downside momentum expands.
#BlockAILayoffs #BitcoinGoogleSearchesSurge #NVDATopsEarnings
Trading Plan: SHORT $SIREN
Entry: 0.340 – 0.360
Stop Loss: 0.39
TP1: 0.315
TP2: 0.285
TP3: 0.250
Why This Setup?
$SIREN has drifted back into a known supply zone after a weak relief bounce. The structure doesn’t show strength — it shows hesitation.
The recent upside move looks corrective, not impulsive.
Momentum faded quickly after the bounce.
Follow-through buying is thin as price approaches resistance.
Offers are clearly absorbing strength, preventing clean expansion through prior highs.
Instead of strong continuation candles, we’re seeing stalls and rejection wicks — a classic sign of distribution rather than accumulation.
If sellers continue defending the 0.340–0.360 region, the path of least resistance likely rotates back toward lower liquidity pockets. A breakdown from this supply zone could trigger acceleration toward 0.315 first, with deeper targets open if downside momentum expands.
#BlockAILayoffs #BitcoinGoogleSearchesSurge #NVDATopsEarnings