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$SIREN experienced a long liquidation of $1.72K at $1.15855, indicating that leveraged buyers were forced out of their positions. The liquidation reinforces bearish sentiment in the short term, with sellers maintaining control of the current market structure. If price fails to reclaim nearby resistance levels, further downside movement could follow as selling pressure remains elevated.
Entry: $1.150 - $1.165
SL: $1.190
TP1: $1.120
TP2: $1.085
TP3: $1.040
TP4: $0.990
Momentum remains weak, and recent recovery attempts have been met with selling pressure. Watch support levels closely and trade with proper risk management.
Sell and Trade $SIREN