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$SIREN The trend is maintaining a very positive upward momentum after a strong breakout accompanied by significant momentum. The current price structure shows higher highs and higher lows, indicating that the buyers are completely in control of the market.
In the context of the main trend still being upward, a reasonable strategy is to prioritize waiting for pullbacks to support zones to participate, rather than FOMO when prices have surged.
📈 Proposed trading strategy:
⟶ Entry zone: 0.78 – 0.85
⛔ Stop loss: 0.72
• Take profit 1 (TP1): 0.90
• Take profit 2 (TP2): 1.00
• Take profit 3 (TP3): 1.12
If the price continues to maintain the higher highs and higher lows structure, the possibility of extending the upward trend to higher target levels is entirely possible. However, it is essential to manage capital carefully and adhere to stop-loss points to limit risks in case the market reverses unexpectedly.
In summary, the current trend of SIREN still leans toward bullish. Prioritizing buying on dips and trading with the trend will increase the probability of success.
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