$$SIREN 0.0509, dropped from 0.1386 to 0.0388 in just 16 hours, with a 24-hour trading volume of 370 million dollars — I know this pattern too well.

I'll show you the trading steps: First, push it up to around 0.14 to make a fake breakout, attracting retail traders chasing longs, with volume exaggerated; second, continue to unload and suppress the price, the support at 0.1 was tested several times and broken, indicating the main force is distributing; third, rapidly smash down to 0.0388 to trigger stop-losses, now rebounding to around 0.05, sideways consolidation is the phase of shaking out weak hands.
My judgment: this is not the position to go long. If the main force still wants to accumulate, they will likely probe below 0.04 again, flushing out those with weak resolve. If you want to enter, wait for the volume to decrease and for the price to retest 0.0388 without breaking it, and consider not exceeding 5% of your total funds, set a stop-loss at 0.035, with the first target at 0.07. For chasing the rally, look at how that 370 million dollar trading volume happened. The market won't lie.