【$SIREN Signal】1H pullback confirmation, main force supports the market, aiming for a second surge

$SIREN At the 1H level, after experiencing a massive rally, the price is consolidating strongly at high levels. A single 4H massive bullish candle establishes the bullish tone. The current price is supported above the EMA20_1H (0.1426), and open interest (OI) remains stable with no signs of main force fleeing. The order book depth shows significantly thick buy-side orders (imbalance 18.07%), indicating strong support below, which is a typical strong consolidation, preparing for a second upward move.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1490 - 0.1510 (Reason: Pullback to 1H EMA20 support zone and previous hour’s low)

🛑Stop loss: 0.1440 (Reason: Break below the middle support of the 4H bullish candle and ATR(0.0165) lower band)

🚀Target 1: 0.1620 (Reason: Previous high resistance and 1H Fibonacci 0.618 retracement level)

🚀Target 2: 0.1685 (Reason: Break above previous high, aiming for the 4H previous high resistance level)

🛡️Trade management:

- Position suggestion: Light position (Reason: Intraday volatility is very high, ATR is large, risk should be controlled)

- Execution strategy: After reaching 0.1620, reduce position by 50% and lock in partial profits, move stop loss on remaining position to entry price 0.1510. If the price strongly breaks through 0.1620 and stabilizes, hold the remaining position to target the second goal.

Depth logic: The 4H massive upward move accompanied by buy dominance (buy_sell_ratio 0.50) is a clear signal of main force entering. Although the current 1H RSI(59) is neutral, the price refuses deep correction, and open interest (OI) remains stable during consolidation, which is typical of “flat price and stable volume,” indicating absorption of floating chips and clear main force support. A large number of buy orders pile up near 0.1505 below, forming a solid defense line. Combined with positive funding rates, market sentiment is bullish, but short squeeze risk remains.

Trade here 👇 $SIREN

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