$SIREN $SIREN This short-term rally to 0.059 lured in buyers, with many jumping in around 0.05, thinking the downside was limited. Historical trends clearly show that every deep discount cycle results in bottom-fishing positions being deeply trapped. The current market maker's distribution cycle is not over; 0.05 is just a mid-term buffer zone. The subsequent sell-off could at least drop to 0.0388, with a conservative 22% loss, and in extreme cases, it could cut the principal in half.

SIREN-1.99%
View Original
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