🚨 $PORTAL is hitting resistance—time to ride the pullback down! 📉
Short Trade Position
Entry Zone: 0.01650 – 0.01675
🎯 TP1: 0.01550
🎯 TP2: 0.01450
🎯 TP3: 0.01341
Stop Loss (SL): 0.01863
🔍 Why this short position?
Rejection at Key Resistance: The price spiked up to test the 0.01824 – 0.01830 level but faced sharp selling pressure, leaving a long upper wick on the 1h chart.
Loss of Momentum: After hitting the local peak, candles shifted red and dropped back below the 7-period Moving Average (MA), signaling a potential short-term trend reversal.
Favorable Risk/Reward: Risking a move above 0.01863 targets a full retracement back down to the major demand zone near 0.01341.
Click here to Trade 👇️
Short Trade Position
Entry Zone: 0.01650 – 0.01675
🎯 TP1: 0.01550
🎯 TP2: 0.01450
🎯 TP3: 0.01341
Stop Loss (SL): 0.01863
🔍 Why this short position?
Rejection at Key Resistance: The price spiked up to test the 0.01824 – 0.01830 level but faced sharp selling pressure, leaving a long upper wick on the 1h chart.
Loss of Momentum: After hitting the local peak, candles shifted red and dropped back below the 7-period Moving Average (MA), signaling a potential short-term trend reversal.
Favorable Risk/Reward: Risking a move above 0.01863 targets a full retracement back down to the major demand zone near 0.01341.
Click here to Trade 👇️
