$SIREN 🌪️
$SIREN just saw 7.3x selling volume, smart money exiting?
- Given the combination of the huge volume spike, sharp drop, and confirmed bearish indicators, I expect further downside in the short term. This behavior aligns much more with distribution and smart money driving price lower, potentially to take out liquidity below obvious lows like 0.03400 and even 0.03211.
- My bias is bearish: the most probable scenario is a retest of the 0.03565-0.03618 area, met with rejection, and then continuation lower to 0.03400 first, and then 0.03244/0.03211 if selling remains strong.
- Example short setup: Wait for a weak bounce to the 0.03565-0.03618 resistance band. If you see a bearish engulfing or rejection wick, enter short. Set your take profit at 0.03400 first, then 0.03244 second. Place your stop-loss above the most recent swing high at 0.03649.
- Only reconsider a bullish bias if you see a strong reclamation and close above the 0.03715-0.03779 supply zone on high volume and a clear reversal pattern.
- Be extra cautious around 0.03400 and 0.03211—these zones could see a sudden reversal if liquidity is swept and smart money begins accumulating.
📝 This is not investment advice, just an educational analysis. Always use proper risk management and confirm with your own trading plan!
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#SIREN