$$SIREN After a 19% crash, 0.0348 holds the line. This wave of panic has flushed out the 24h low, and the Fear & Greed Index has fallen into the Extreme Greed zone. The funding rate shows short positions piling up. A similar pattern has occurred 3 times historically, with 2 of those times seeing a rebound of over 13% the next day. 0.0348 is a previous high-volume trading zone; if it holds, it's a golden pit.



In the past 24h, trading volume was 28M. The volume expansion indicates sufficient turnover. If 0.035 doesn't break, I'll try long positions, with a stop loss at 0.0335, first target 0.039, second target 0.042. Keep position size to 20%, don't be greedy.

Prediction: The sentiment turning point in this round is the 0.0348-0.035 range. For those panic-selling at a loss now and those who chased highs yesterday, the plot reversal often comes tomorrow. The sentiment turning point = the best entry.
SIREN-19.72%
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