33% This cut is fierce, but that's how leveraged markets are; only after liquidation is there room to breathe.

Recently, SIREN has plummeted badly, dropping over 33% in the past 24 hours with a bungee jump-like decline. The main reason is that the bulls were wiped out, panic sellers and short-sellers crowded together, and there will definitely be ups and downs in the short term!

But don’t be too hopeless; there are still opportunities for a rebound. If trading volume decreases and short positions start to be liquidated, there could be a 10-15% technical retracement. This sharp decline was mainly due to leverage being cleared, focusing on changes in contract holdings! #Gate广场五月交易分享 $SIREN