【$SIREN Signal】Short squeeze pullback, betting on a second surge

$SIREN 1H level RSI skyrocketed to 91.68, indicating extremely crowded buying. The upper band of the 4H Bollinger Bands was directly broken through, the price surged to 2.17 then pulled back, current price around 2.14 with intense buying and selling activity. The 1-hour MACD histogram is still expanding, but trading volume has significantly shrunk compared to the previous massive candle, and chasing the high has begun to make funds hesitant.

🎯Direction: Pullback to go long (pending orders)

⚡Entry/Order placement: Lurk near the lower boundary of the 1.1124 - 2.1291 range, place a buy order around 1.15.

🛑Stop loss: 0.8567

🚀Target 1: 2.1513

🚀Target 2: 2.1600

🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce position by 50%, and move the stop loss to break-even. If the price falls back into the entry zone, exit automatically to protect capital.

Order book depth shows buy orders still have an advantage, but the funding rate of -0.13% indicates that after being squeezed, bears are still paying high fees. In this environment, prices are unlikely to fall sharply. The 1-hour EMA50 at 1.08 provides strong support, resonating with the 4H EMA20. The current risk-reward ratio is acceptable, but a comfortable entry point is needed; directly chasing the rally involves asymmetric risk and reward.

Check real-time market 👇 $SIREN
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