The high-end pressure that I was watching up ahead has finally given an answer today. $SIREN repeatedly tested the level above but never managed to hold it. My view is that the rebound strength is weak, and the shorts will eventually push it down. The short position moved from 0.46953 to the current 0.02764, for a profit of +2307.82%, with a clearly extended move.

What really caught my attention were those several rallies: the volume looked like it had momentum, but the price was quickly smashed back down, which shows there are sellers up there—someone has been keeping pressure on it. Back then, many people were still hesitating about whether to chase a long. In plain terms, the rhythm changed and they just hadn’t reacted in time.

After this move, don’t just get excited about profit—protecting it matters more. If you have positions, you can take some profit in batches first; for the remaining position, use a protective level to manage it. If it keeps falling smoothly, then keep holding. If the pullback strength is strong, don’t stubbornly hold on.

Don’t chase if you missed it—wait for the next confirmation signal, and wait for a more comfortable entry level.

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