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SIREN really does manipulate the market, dropping 90% in one or two hours, causing many retail investors who chased the high to get trapped and wiped out. However, data shows that the whales are still continuously buying and haven't completely exited the market. Currently, the hourly chart is starting to consolidate sideways, and trading volume hasn't significantly decreased, with the chip peak continuously moving upward.
But the contradiction is obvious: CVD continues to weaken, and the funding rate is also declining. It's clear that the whales are openly accumulating positions while secretly shorting.
This coin is basically highly controlled; not saying 99%, but at least over 97% of the spot holdings are in the whales' hands, and the candlestick pattern can be manipulated at will. Their ultimate goal is only one: to exchange the zero-cost chips in their hands for retail investors' U.
My advice is to stay cautious. If you want to try for a rebound, make sure to set stop-losses. Don't think that just because it has fallen so much, it must rebound. Even if this coin drops ten times more, as long as someone dares to buy, the whales will still dump on you. Whales with zero-cost chips have no bottom line. #SIREN