[$SIREN Signal] Short position + Cooling after extreme volatility

$SIREN After a single-day surge of over 200%, the price experienced intense fluctuations at high levels, forming an extreme volatility pattern. The 4H chart shows the price violently surged from 0.05139 to 0.36666 and then quickly retreated, currently trading sideways in the 0.29-0.315 range.

🎯 Direction: Short position

Data logic: 1) During the surge, open interest (OI) remained stable, with non-main players continuously increasing their positions, resembling a short squeeze driven by short sellers or retail FOMO. 2) Funding rate soared to 0.4467%, indicating extremely high costs for long positions and an overheated market. 3) The 4H candlestick shows long upper and lower shadows, indicating significant disagreement between bulls and bears and weak price control. The current high-level sideways movement lacks buying support depth, representing a typical profit-taking and liquidity exhaustion phase. Pursuing longs carries high risk; it’s necessary to wait for market sentiment and structure to fully cool down.

Trade 👇 $SIREN

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