$SIREN SIRENUSDT in the 4H frame is in a consolidation phase after a strong volatility. The current price is around 0.112, with narrow fluctuations and no clear breakout signal yet.

After a strong rise to 0.388 and a deep drop to 0.051, SIREN has formed a short-term sideways zone. EMA(7) is acting as dynamic support around 0.108, while EMA(25) at 0.114 is the nearest resistance zone. RSI fluctuating around the 50 mark indicates that buying and selling forces are balanced, and the market is waiting for a new signal.

The preferred scenario is to trade in the recovery direction if the price holds above the support zone.

Enter LONG positions around 0.110 – 0.113

Stop loss at 0.103

Take profit respectively at 0.125 – 0.145 – 0.183

In case the price cannot hold the support and a 4H candle closes below 0.105, consider the opposite scenario.

Enter SHORT positions around 0.104 – 0.105

Stop loss at 0.112

Take profit at 0.095 – 0.082 – 0.070

Note not to enter positions when the price is still fluctuating in the range of 0.108 – 0.114 as this is a noise zone. Only enter positions when there is clear confirmation from the candles and volume.

Manage capital tightly, do not FOMO based on strong candles.

This article is for technical analysis purposes, not investment advice.