Hello everyone 👋
Currency $SIREN
USDT has started to gradually regain its price structure on the hourly timeframe. After several rejections near 0.1100, the price formed a higher low in the 0.0980–0.1000 area, and it is now consolidating below a minor resistance at 0.1060. Momentum is increasing, but we still need confirmation of a clear breakout.
This looks like a consolidation phase before a potential bullish breakout.
SIRENUSDT Perp
Price: 0.10729 (+3.3%)
Trading plan (breakout scenario):
Entry area: 0.1065–0.1080 (after confirming the breakout)
First target: 0.1120
Second target: 0.1180
Stop loss: 0.0990
Alternative scenario:
If the price is rejected again at 0.1060, we may see a short-term pullback towards support at 0.1000.
Important level to watch: 0.1100
A clean close above this area could drive momentum towards 0.1180+.
Failure to breakout would keep the price within a sideways range.
Risk management is crucial — confirming trading volume is very important in this scenario.
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