【$SIREN Signal】Long - 1H level short squeeze continues, main force clearly defending the market

$SIREN The 1H level is in a high-level consolidation after an extremely strong rally, with price staying close above EMA20_1H (0.3279). The 4H level shows a massive bullish breakout above all moving averages, indicating a trend reversal to bullish. Although current price is far from EMA20, the negative funding rate (-0.0388%) combined with stable open interest shows that shorts are still paying high costs, with potential for a short squeeze. The order book depth is significantly better on the buy side than the sell side (depth imbalance 38.82%), indicating clear intent by the main force to defend the market.

🎯Direction: Long (buy on pullback)

⚡Entry/Order: 0.3213 - 0.3286

🛑Stop Loss: 0.2980

🚀Target 1: 0.3800

🚀Target 2: 0.4200

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining position’s stop loss up to the entry price. If the price strongly breaks above 0.42, move the remaining position’s stop loss up to 0.38 to aim for higher gains.

(Depth Logic: The 1H RSI is as high as 84.77, indicating overbought conditions, but this is a typical feature of a short squeeze market and should not be directly shorted. The 4H volume and price are rising together, with buy orders dominating. Open interest remains stable, and the price has not declined with decreasing open interest after the rally, suggesting it’s not just profit-taking by longs. There may be new funds entering or shorts forced to cover. It’s recommended to wait for a pullback to the structural support area near the 1H EMA20 for entry, offering a better risk-reward ratio. )

Check real-time market 👇 $SIREN

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