$SIREN 600% profit 😭

💰 $SIREN BREAKDOWN SHORT
🔽 SHORT
✳️ ENTRY: 1.1600 – 1.20 – 1.23
🎯 TARGETS: 1.0800, 1.0300, 0.9500, 0.8850, 0.800, 0.7200, 0.6000
🀄️ LEVERAGE: 20x
🔴 STOPLOSS: 1.2500
#SIREN is showing clear signs of distribution after its explosive rally toward the 1.37 resistance zone. The recent rejection has produced a series of lower highs and weakening momentum across multiple timeframes.
On the 15M and 4H charts, price has lost the short-term bullish structure and is now trading below MA7 and MA25. MACD remains bearish with increasing negative histogram pressure, while RSI continues to trend lower, confirming fading buyer strength.
The key level to watch is 1.11. A confirmed breakdown below this support would likely accelerate selling pressure toward the 1.02–1.03 demand zone. This area may provide a temporary bounce, but if sellers remain dominant, the next major support sits around 0.90–0.93.
The Daily timeframe still remains above MA99 and MA200, meaning the broader trend is not fully bearish yet. However, short-term momentum currently favors downside continuation unless bulls reclaim the 1.25 region.
A loss of 0.90–0.93 would open the door for a deeper correction toward 0.75–0.60, where stronger long-term support is located.
⚠️ Breakdown confirmation comes only below 1.11. Until then, expect volatility and possible relief bounces. Manage risk carefully and consider scaling entries rather than using a full position at once.