This wave of $SIREN down, the market picture is very clear. I'm not saying this after the fact—the previous high-level attempts couldn't hold steady, and every pullback was met with selling, indicating that key resistance levels have been in place all along. The short position entry was at 1.20261, and now the price has come to 0.03477, with gains already at +2381.28%. This space has been released fairly cleanly. Many people see a bounce and think it's going to strengthen again, but the more it bounces, the weaker it gets, with price action completely diverging from sentiment. At the time, I wasn't looking at whether it could rally, but whether the rally could sustain—the answer was clearly no. I'm not being greedy here: take profit on 80% of the position first, and let the remaining 20% continue to ride. I've already moved the stop protection lower. If the bounce is too strong later, I'll just close out the remaining position. Profit taken first, show some respect—don't fight the market. Anyone thinking of shorting now should cool off; the entry point is no longer comfortable. Wait for the next opportunity when it bounces and meets resistance again. $BTC $ETH

SIREN-1.39%
BTC0.95%
ETH0.95%
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