$PORTAL is moving fast today around $0.02075, up nearly 30%, after pushing to $0.02173.
I’m not chasing this candle. I’ve learned that lesson the hard way 😅
My plan:
- Entry: $0.0194–$0.0200
- TP1: $0.0217
- TP2: $0.0221
- Stop: $0.0187
- Risk: Keep it small, especially after a +30% move.
Why I’m watching it: price is above the 7/25/99 MAs, MACD is still positive, and volume has picked up heavily. That’s good momentum, but the distance from the averages also means a pullback wouldn’t surprise me.
The useful part here: don’t confuse strong momentum with a good entry. Sometimes the best trade is waiting for the retest instead of buying the top of the candle.
If PORTAL holds around $0.0194–$0.0200, I’ll be more interested. If it loses that area, I’d rather step aside.
Not financial advice just my chart-based plan. 👀
I’m not chasing this candle. I’ve learned that lesson the hard way 😅
My plan:
- Entry: $0.0194–$0.0200
- TP1: $0.0217
- TP2: $0.0221
- Stop: $0.0187
- Risk: Keep it small, especially after a +30% move.
Why I’m watching it: price is above the 7/25/99 MAs, MACD is still positive, and volume has picked up heavily. That’s good momentum, but the distance from the averages also means a pullback wouldn’t surprise me.
The useful part here: don’t confuse strong momentum with a good entry. Sometimes the best trade is waiting for the retest instead of buying the top of the candle.
If PORTAL holds around $0.0194–$0.0200, I’ll be more interested. If it loses that area, I’d rather step aside.
Not financial advice just my chart-based plan. 👀