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【$SIRENUSDT】Institutional Trading Tactics Analysis
$SIRENUSDT RSI skyrocketed to 87, clear signs of buy-side disruption. During regular intraday fluctuations, hourly volume is shrinking but price is holding firm above 2.15, sell-side depth is more than three times greater than buy-side depth, this price action is pure meat grinder. MACD histogram is beginning to contract, bullish momentum is weakening, yet price is stuck in the upper Bollinger Band zone, typical end of a strong move. In a negative funding rate environment, price refuses to retrace, more like maintaining an illusion of dumping at high levels.
Direction: No position
Any bounce near current price 2.15 is an exit opportunity, not suitable for opening new positions. Effective support below is in the 1.25-1.58 zone, consider when price retests that area and buy-side depth shows reversal. Risk-reward ratio is currently terrible, patiently wait for market to cool down.
View real-time chart 👇 $SIREN
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