【$SIREN Signal】Pullback to buy, betting on a second surge

$SIREN The 1H timeframe dropped sharply from the high of 2.238, retracing over 30%, current price around 1.79 with intense buying and selling activity. The upper band of the 4H Bollinger Bands at 1.7069 has been pierced, MACD histogram still expanding, but on the 1H timeframe, the MACD fast and slow lines are beginning to converge, indicating initial weakening of momentum. Market depth shows sell orders are nearly 8% more than buy orders, short-term selling pressure needs to be absorbed.

If the price can hold above 1.78, the bullish structure remains intact. This level offers a good risk-reward ratio, making it worth a small position to bet on a rebound.

🎯Direction: Pullback to buy

⚡Entry/Order: Enter in batches within the 1.08 - 1.78 range

🛑Stop loss: 0.84

🚀Target 1: 1.55

🚀Target 2: 1.78

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

Funding rate of -0.15% provides good protection against short squeezes, stable open interest indicates large funds are still in the game. The 1-hour RSI has fallen from the overbought zone of 70 back to neutral, leaving room for the price to rise again. Key point is whether the previous support at 1.55 can hold effectively, and buy-side depth needs to catch up quickly.

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