【$SIREN Signal】Long + 1H level breakout pullback confirmation, main force clearly intends to support the market

$SIREN The 1H level has experienced a massive rally and is currently in a strong high-level consolidation, with price running just above the EMA20 (0.2698), a typical healthy pullback after a breakout. The 4H level EMA20 (0.2428) has formed a strong upward trend line, providing a solid foundation for bulls to exert force. The current price refuses to dip deeply; although there is significant selling pressure, buy orders are orderly, and the main force's intention to support the market is clear.

🎯Direction: Long (Long)

🎯Entry/Order: 0.2860 - 0.2880 (Reason: 1H level EMA20 support zone and the upper edge of the previous hour's K-line dense trading area )

🛑Stop Loss: 0.2790 (Reason: Break below the previous low of the 1H level and EMA50 support, ATR stop loss range about 0.01 )

🚀Target 1: 0.2990 (Reason: Break through previous high resistance, testing intraday high )

🚀Target 2: 0.3100 (Reason: Based on the recent rally's 1.382 Fibonacci extension level )

🛡️Trade Management:

- Position suggestion: Light position (Reason: Intraday increase has exceeded 35%, volatility is extremely high, risk and opportunity coexist )

- Execution strategy: After the price reaches Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price (break-even). If the price cannot hold above 0.2900 and quickly falls back to the entry area, consider actively exiting and observing.

Deep logic: The continuous volume-increasing bullish candles on the 4H level establish strength, with open interest (OI) remaining stable and not significantly flowing out due to price increases, indicating stable long positions. The 1H RSI (70.34) is high but not in extreme overbought territory, leaving room for further upward movement. Market depth shows a large accumulation of buy orders around 0.2893 (about 7000+), forming a short-term support wall. Coupled with a funding rate of only 0.005%, there is no overheat risk, creating conditions for the healthy continuation of the bullish trend.

View real-time quotes 👇 $SIREN

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