【$SIREN Signal】Short squeeze continues, 1H level strongly retests, targeting a second pulse!

$SIREN The 1H level, after a massive rally, is currently consolidating strongly above the EMA20 (0.1341), forming a typical air refueling pattern. The 4H level has confirmed a breakout of the previous consolidation zone, and the trend has shifted to bullish. The current price remains firm, open interest is stable, buy-side depth is dominant (depth imbalance 12.79%), and funding rates are healthy, indicating potential for continued short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1600 - 0.1620 (Reason: Support zone of 1H EMA20 and the lower boundary of strong consolidation platform )

🛑Stop Loss: 0.1545 (Reason: Break below the low of the 1H strong consolidation platform and ATR lower band )

🚀Target 1: 0.1720 (Reason: Previous high resistance and 1.272 Fibonacci extension level )

🚀Target 2: 0.1800 (Reason: 1.618 Fibonacci extension level and psychological round number )

🛡Trade Management:

- Position suggestion: Light position (Reason: Daily increase has exceeded 30%, volatility is extremely high )

- Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price. Hold remaining position to aim for Target 2. If price retraces to the entry area and breaks below EMA20, exit all positions.

Depth logic: In the past 4 hours, a sharp price surge accompanied by a significant increase in volume is a clear signal of main capital entering. Although RSI 1H (77.12) is high, in a strong short squeeze environment, RSI can remain elevated. The key is that open interest (OI) remains stable and has not decreased significantly with the price rise, indicating that bears have not surrendered en masse, and the short squeeze fuel remains. The order book shows buy orders are thicker than sell orders, providing immediate support for the price.

Trade here 👇 $SIREN

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