The high-level resistance it was facing has finally given an answer today.

This $SIREN trade isn’t about being excited by a drop—it started around 0.46953. Each rebound has been weaker than the last, but the price has still failed to get back into the key range for a long time. At the time, I already felt something was off. A lot of people are still waiting for it to keep pushing higher. What I’m watching instead is whether the shorts have taken over the pace.

Now the chart is at 0.02878, and the unrealized profit on my position is +2301.77%. The extension of the move is obvious. The most critical point is that the decline wasn’t a sudden dump—it first wore down patience, and then used an accelerating candle to make the direction clear. This kind of market is easiest to make hesitant people miss out, and also easiest to put chasing-buys in a passive position.

Brothers with positions, your profits have already been released—don’t just keep staring at it hoping to take more. Your protective level needs to move up. Personally, I’ll lock in some gains first; the rest of my position depends on whether it can continue to be pushed lower along the trend.

If you didn’t catch it, don’t rush. The comfortable area for shorts has already passed. Don’t chase—wait for the next opportunity.

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