【$SIREN Signal】Long! 1H pullback confirmation, 4H main upward wave continues, targeting short squeeze

$SIREN The 1H timeframe is strongly consolidating above the EMA20 (0.2442), just formed a bullish engulfing candle, confirming the pullback has ended. The 4H timeframe has broken through the previous consolidation platform with huge volume, with EMA20 (0.2279) and EMA50 (0.2010) in a perfect bullish alignment, clearly indicating a main upward wave structure. The current price is hovering around 0.267, with sparse sell orders on the order book (depth imbalance -6.47%), a typical sign of a short squeeze approaching. The main force is clearing out floating positions, and a second rally could happen at any time.

🎯Direction: Long (Long)

🎯Entry/Order: 0.266 - 0.268 (Reason: Above the 1H EMA20 support zone, with dense buy orders on the order book )

🛑Stop Loss: 0.255 (Reason: Break below the 1H previous low support and EMA50 double support, also at ATR lower band )

🚀Target 1: 0.278 (Reason: Break through the 4H previous high resistance, also yesterday’s high )

🚀Target 2: 0.295 (Reason: Based on the recent rally’s 1.618 Fibonacci extension level )

🛡Trade Management:

- Position size suggestion: Standard lot (Reason: Clear 4H trend, healthy 1H structure, risk-reward ratio >1.5 )

- Execution strategy: After reaching 0.278 (Target 1), reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.268 (break-even). If the price strongly breaks through 0.278 and stabilizes, the remaining position target can be set at 0.295.

Depth logic: In the past 24 hours, the price increased by 13.69%, but open interest (OI) remains stable, indicating this is not just retail FOMO but controlled by institutional funds. The 1H RSI (66.12) is in a strong zone but not overbought, leaving room for further upward movement. The huge volume bullish candle on the 4H chart (volume 207 million) is a decisive signal, indicating large funds have entered. Combined with the positive funding rate (0.0050%) and weak sell orders on the order book, bears face the risk of being squeezed.

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