【$SIRENUSDT】Don't rush to buy the dip/chase the high, check this first

$SIRENUSDT On the 4-hour level, price has broken out above the Bollinger Band upper band, RSI has surged to 93, with obvious signs of excessive buying pressure. During normal intraday fluctuations, the 1-hour MACD histogram is contracting, volume can't keep up with the new price high, typical momentum exhaustion. The depth chart shows sell orders are significantly thicker than buy orders, a funding rate of -2% indicates short holders have extremely high holding costs, this is a typical short squeeze structure, but the rebound lacks strength, further downside probing is highly probable.
Short directly near current price of 1.978, with stop loss placed above 2.125. First target at 1.618 support zone, reduce position by half and move to breakeven when reached. Second target near 1.44, take full profits. This trade has a risk/reward ratio exceeding 4:1, worth trying, but keep position size light and guard against extreme volatility.
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