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$SIREN SIRENUSDT (1h) - Range Rejection Short
Bias: Short
Entry (Zone): 1.20 - 1.23
Targets:
TP1: 1.16
TP2: 1.11
TP3: 1.04
Stop Loss: 1.31
Why this Setup:
I’m shorting into this overhead resistance because the sharp rally has stalled and price is now ranging under the recent highs. I want to see rejection from the 1.20 area for a move back toward the lower support zones, with invalidation above the latest swing high.