$SIREN $SIREN The current price of 0.0515 does not mean a phased bottom when stepping on the super trend line, it is only a short-term buffer during the decline. The TD downward sequence is not complete, with double resistance at 0.0533 and 0.0617 firmly locking in the upward space, the order book is supported only by scattered retail orders, with no large institutional backing. The funding rate of 0.286% continues to drain the bulls, with 18.25 million U.S. dollars in positions maintained at a high level, retail investors continuously bottom-fishing long orders, and net positions briefly turning positive, indicating only a short-term small loss for short sellers. The main force still holds a massive amount of spot holdings waiting to be distributed, and the extremely high lending rate of 93.7% proves that the short-selling force is sufficient. Relying on the trend line to support the price is just a trap to lure in traders, and it is very likely to break below and test the previous low of 0.0439 later. Do not mistakenly think that stepping on the line is the bottom for bottom-fishing.

SIREN-10.10%
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