$SIREN 0.0563! After surging to 0.0655 in 24 hours, it pulled back 12%, with a trading volume of 190 million — chasing the high resulted in a 14% loss on one hand, bottom-fishing earned 45% on the other.


Looking at the K-line alone, this trend is not simple: at midnight, it volume-driven surged from 0.0388 to 0.0655 by noon, and the pullback just retested the 0.0550 support level (the previous dense trading zone). This position is not a simple correction; it’s a turnover point between profit-taking and new bullish positions. The daily MACD is still below the zero line with a golden cross opening, with a 34% increase over 24 hours but no explosive volume (only 150% of recent average volume), indicating there is still room for main force control.
My disciplined exit plan: open a trial position at the current price of 0.0563, set stop-loss below the 0.0500 integer level (a break indicates main force exit), first take-profit at 0.0620 (previous high resistance), second take-profit at 0.0680 (accelerate after breaking the previous high). Keep position size within 5% of total funds, because the short-term rally is already high, heavy positions are equivalent to gambling.
Currently, the biggest resistance is not technical but emotional — most people rush to buy after a 34% increase, ignoring that there are still 3 million pending orders in the 0.0515-0.0530 range. If the price retraces to 0.0520 (near today’s opening price), add to the position up to 8%, but stop-loss must be moved up to 0.0495 to protect the principal.
Finally, a reminder: just now, 1.8 million tokens in the 0.0555-0.0560 range were quickly traded, suspected exchange arbitrage orders. If it cannot stabilize above 0.0570 within half an hour, I will cut half of the position to lock in profits. No extra operations outside the plan.
SIREN15.96%
View Original
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned