【$SIREN Signal】Long! 1H strong consolidation, building momentum to break previous high

$SIREN The 1H timeframe experienced a massive surge yesterday and is currently consolidating strongly at a high level, with the price tightly hugging above the EMA20 (0.2589), refusing to undergo a deep correction. The 4H timeframe has confirmed a breakout from the long-term consolidation zone, indicating a trend reversal to bullish. The current candlestick closes above all moving averages, showing a strong structure.

🎯Direction: Long (Long)

🎯Entry/Order: 0.2790 - 0.2820 (Reason: Dynamic support from 1H EMA20 and the lower boundary of the current consolidation platform )

🛑Stop Loss: 0.2690 (Reason: Breaking below the previous low on the 1H timeframe and EMA50 support, ATR stop loss range is reasonable )

🚀Target 1: 0.2950 (Reason: Resistance zone above previous high at 0.287 and psychological level )

🚀Target 2: 0.3100 (Reason: Based on the 1.618 Fibonacci extension level from yesterday’s surge )

🛡Trade Management:

- Position size suggestion: Light position up to standard size (Reason: Trend is clear, but intraday gains are large, and volatility is extremely high )

- Execution strategy: After the price reaches 0.2950, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.2820. If the price strongly breaks through 0.2950 and stabilizes, hold the remaining position to target 0.3100.

Deep logic: Over the past 24 hours, the increase has exceeded 22%, but open interest remains stable, indicating it’s not just a short squeeze; there may be new funds entering. The 1H RSI (70.68) is in a strong zone but not overbought, leaving room for further upside. Market depth shows buy orders are significantly thicker than sell orders (depth imbalance 42.01%), with strong support below. Combined with the breakout structure on the 4H timeframe, the probability of a second upward move after this consolidation is high.

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