【$SIREN Signal】Short squeeze continues, 1H pullback confirmation followed by further rally

$SIREN The 1H timeframe has experienced a massive surge and is currently consolidating strongly at high levels. A towering 4H candle broke through all moving averages, indicating a shift to a bullish trend. The current 1H candlestick retraced to the EMA20 (0.1384) without breaking below, and the order book depth shows exceptionally thick buy orders in the 0.1577-0.1580 range, clearly indicating strong support from the main players. Open interest remains stable, and the funding rate is healthy. This is a typical strong consolidation after a short squeeze, building momentum for the next upward move.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1578 - 0.1585 (Reason: 1H EMA20 dynamic support zone, combined with dense buy orders in the order book )

🛑Stop loss: 0.1543 (Reason: Break below the previous 1H candle low and ATR lower band )

🚀Target 1: 0.1685 (Reason: Test previous high resistance )

🚀Target 2: 0.1780 (Reason: Breakout structure and 1.618 Fibonacci extension level )

🛡Trade Management:

- Position size suggestion: Light position (Reason: Daily increase already over 35%, extremely high volatility )

- Execution strategy: When price reaches 0.1685, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price cannot hold above 0.1580 and quickly falls back to the entry zone, exit immediately and observe.

Depth logic: The trading volume in the past 4 hours has exploded, tens of times higher than previous levels, a clear sign of strong new capital inflow. The 1H RSI (69.55) is in a strong zone but not overbought, leaving room for further upside. The order book imbalance (-52.42%) shows concentrated selling pressure in a narrow range; once absorbed by buyers, it can trigger a rapid rally. Market logic indicates “price rising,” and combined with stable open interest, this is not just a short squeeze but a market led by bullish main forces.

Trade here 👇 $SIREN

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