【$SIREN Signal】Short squeeze continues, buy orders break and then pull back to add long positions

$SIREN 1H level RSI surges to 76.72, price breaks above the upper Bollinger Band and then pulls back, indicating a clear short squeeze feature. The 4H MACD histogram is still expanding, but the price has moved far from EMA50, showing strong short-term pullback demand. Market depth data shows very thick buy walls, but active selling pressure is beginning to emerge.

🎯Direction: Pull back to add longs

⚡Entry/Order: Batch entries in the 0.608 - 0.624 range

🛑Stop loss: Below 0.597

🚀Target 1: 0.732

🚀Target 2: 0.787

🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to breakeven. If the price falls back into the entry zone, automatically exit to protect capital.

Funding rate is negative, open interest remains stable, indicating a foundation for a short squeeze. 1H trading volume shrinks after the surge, showing lack of momentum for chasing higher. Dense orders around 0.6061 below are ideal for pullback support. This initial deep pullback after a rapid rise often offers a good risk-reward ratio, but strict protection of the previous low is necessary.

Check real-time market 👇 $SIREN
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