$SIREN Signal】Long - 1H strong consolidation, preparing for a surge to previous high



$SIREN The 1H timeframe has been consolidating strongly after yesterday's large bullish candle, with price staying close above the EMA20(0.3516), rejecting deep pullbacks. The 4H timeframe has broken through the previous consolidation platform, indicating a trend reversal to bullish, currently digesting profit-taking to prepare for the next upward move.

🎯Direction: Long (Long)

🎯Entry/Order: 0.3720 - 0.3740 (Enter near current price)

🛑Stop Loss: 0.3630 (Below the 1H consolidation low and EMA50 support)

🚀Target 1: 0.3880 (Near previous high resistance)

🚀Target 2: 0.4000 (Psychological whole number level)

🛡️Trade Management:

- Position size suggestion: Standard position (Reason: 4H trend established, 1H structure healthy, risk-reward ratio >1.5)

- Execution strategy: After price reaches 0.3880 (Target 1), reduce position by 50%, and move the stop loss of the remaining position to the entry price of 0.3740. If the price fails to hold above 0.3740 and falls back, exit all positions.

Depth logic: The market shows very strong bullish resilience. The 1H RSI(71.5) is high but not in extreme overbought territory, which is normal in a strong market. Key is to observe open interest(OI) remaining stable during consolidation, not declining significantly, indicating bullish funds are not leaving but rotating hands at this level. Market depth shows buy-side accumulation (bid_ask_ratio_depth: 1.03), with dense support below. Combined with the 4H EMA20(0.3139) having significantly crossed above EMA50(0.2633), indicating a mid-term trend reversal. This is a typical strong coin "sideways instead of falling" pattern, aiming for the next pulse wave.

View real-time market 👇 $SIREN

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TheManFromQiWorriesvip
· 13h ago
Hot topic in the Pi community! Youlong speaks bluntly: Pi coin will drop to $0.1 each. Big shots, come and share your views 🔥?
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