$SIREN SIRENUSDT has just experienced a very strong uptrend, with an amplitude of over 180% in a short time, bringing the price from the bottom area of 0.05 to the peak of nearly 0.39. After this hot surge, the price is currently trading around 0.26 and has begun to show signs of stagnation. This is the stage where the market often enters a technical correction process due to increased profit-taking pressure.

Regarding the trend, the short-term uptrend structure is still in effect as the price remains above important EMA lines; however, the distance between the price and EMA is quite far. This indicates that buying power has been stretched and needs time to balance out. The RSI indicator on short and medium timeframes is hovering around the 72–74 zone, reflecting a clear overbought state, increasing the probability of a downward pullback.

– Prioritize short positions in the range of 0.30 – 0.33 when the price retraces to resistance and shows signs of weakness

– In case the price rises stronger, one might consider shorting around 0.37 – 0.39 (old peak area, higher risk)

Take profit

– TP1: 0.26

– TP2: 0.235 – 0.22

– TP3: 0.20

Stop loss

– For short positions in the range of 0.30 – 0.33: stop loss above 0.35

– For short positions in the range of 0.37 – 0.39: stop loss above 0.40

Manage orders

– It is advisable to take profit in parts at each TP level

– After reaching TP1, one can move the stop loss to breakeven to reduce risk

– Do not hold short positions if the price breaks strongly and closes above the resistance area