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$SIREN SIREN's most comprehensive analysis, keep up with the pace!
Just wiped out a wave of bulls, and now the bulls are starting to fight back.
Currently, the overall structure remains a bullish arrangement, and the outlook continues to be optimistic,
The main trading strategy is still primarily long positions, because this token belongs to the early project tokens + meme coin concept, so the volatility is very high. Remember not to hold a heavy position, and set proper take profit and stop loss. Here is a reference entry point for long positions:
This rebound is very likely to hit a new intraday high, with entry around 1.3, a stop loss at 1.22, and targets between 1.42 and 1.5.
After taking profits, you can move the stop to lock in gains!
Currently, the funding rate is around -0.4%, and the short positions are increasing again. The recent pullback had a baiting effect for shorts, but I am very optimistic about a strong upward surge in the future.