【$SIREN Signal】Pullback to Long! 1H decreasing volume retesting EMA50, 4H upward trend line support confirmed

$SIREN The 1H timeframe is decreasing volume while retesting the key EMA50 support. The price has healthy retracement from the high of 0.3. The 4H timeframe remains within a clear upward channel, with the current price touching the channel lower boundary and EMA20 resonance support zone. Position volume is stable, no signs of panic selling. This is a typical strong coin shakeout, preparing for a rebound.

🎯Direction: Long (Long)

🎯Entry/Order: 0.2680 - 0.2700 (Reason: 1H EMA50 support + 4H upward trend line + previous 1H candle body low)

🛑Stop Loss: 0.2620 (Reason: Breaking below the previous 4H low of 0.2627 and EMA20 support, trend may weaken)

🚀Target 1: 0.2820 (Reason: 1H previous high resistance and EMA20 pressure)

🚀Target 2: 0.2950 (Reason: 4H previous high near 0.299, also a potential new high for this rebound)

🛡Trade Management:

- Position suggestion: Light position (Reason: Currently a retracement play, wait for price to confirm stabilization)

- Execution strategy: After entering, if the price quickly rebounds to Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price consolidates in the support zone for more than 4 1H candles without rising, consider exiting early.

Deep logic: The order book shows sell orders piling up above 0.2708, but buy orders are also dense below 0.2705, forming a short-term standoff. The 1H RSI(51.99) is in a neutral to weak position, with rebound potential. Key is whether the price can form a bullish engulfing or hammer candlestick in the 0.268-0.270 area, confirming buy-back. The overall 4H structure remains upward, and this pullback is an opportunity for bulls to re-enter.

Check real-time market 👇 $SIREN

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #Gate广场发帖领五万美金红包