【$SIRENU Signal】Multiple orders are thick but momentum is waning, waiting for a pullback to go long


$SIRENU Funding rate is 0.0114%, slightly high, 1H MACD histogram shrinking, buying pressure near 0.715 is being pushed back. The Bid/Ask ratio of 3.06 indicates dense orders below, but the risk of chasing higher is increased.
🎯Direction: Long (waiting for a pullback to place orders)
⚡Entry/Order: Range orders between 0.6817 - 0.7014
🛑Stop loss: 0.6762
🚀Target 1: 0.7047
🚀Target 2: 0.7075
🛡️Trade management: Reduce 50% upon reaching Target 1, move stop loss to break-even, hold if not triggered. Exit immediately if price drops back to entry level.
Depth logic: 4H MA20 and EMA50 are concentrated around 0.68, a pullback to this area offers a reasonable risk-reward ratio. Objective assessment: current risk-reward ratio is relatively low, strict stop loss is required.
View real-time market 👇 $SIRENU
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