$SIREN USDT BEARISH CONTINUATION SIGNAL – SHORT SETUP IN PLAY
$SIREN NUSDT shows clear bearish pressure after failing to break above the resistance near 0.1025. The price is consolidating near recent lows with weakening momentum confirmed by a near-zero MACD histogram, indicating further downside potential. The trend favors sellers as the price remains below key moving averages.
Short Entry: Enter short positions below 0.0990 to capitalize on the expected bearish continuation.
Target Levels:
TP1: 0.0955 – immediate support level
TP2: 0.0920 – secondary target for extended downside
Stop Loss: Place stop loss above 0.1030 to protect from false breakouts.
Risk Management:
Maintain a risk-reward ratio of minimum 1:2. Use proper position sizing to mitigate volatility risks. Monitor volume for any bullish divergence that may signal reversal.
Trade with caution and follow the trend to optimize risk-adjusted returns.
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