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The same 1000U ending is worlds apart! $SIREN Today, this big bearish candle left people stunned, dropping 21.46% in 24 hours, but the trading volume surged to 323 million — this turnover rate is telling you that some are panicking and fleeing, while others are madly buying the dip.
First comparison: decline percentage. A certain altcoin dropped 38% today, SIREN only fell 21%, seeming to resist the decline, but you should know it peaked at 0.0768 and bottomed at 0.0388, with an amplitude of over 50% — is this a shakeout by the whales or a sign of an impending crash?
Second comparison: trading volume. 323 million is explosive for this market cap level, indicating extreme disagreement between bulls and bears.
Third comparison: 24-hour low of 0.0388. If this is the bottom, there’s still 30% room to fall; if it breaks below, the next support is at 0.03.
Operational advice: Currently, 0.0593 is not an entry point; wait until it shrinks in volume and retraces near 0.04 before considering. Set stop loss at 0.037, take profit at 0.07. Do not allocate more than 5%.
If you want to short, wait for a rebound above 0.06 to add positions, with a stop loss at 0.063.
I bet it will first dip below 0.04 and then rebound, but if it doesn’t follow the expected pattern and directly pulls back above 0.06, it indicates the main players are accumulating.
The data is laid out here, you choose your direction — don’t blame me if you pick wrong, I’m just a small role peeling back the mask of the data for you.
Follow me, and I’ll warn you earlier next time there’s a crash.