The previous PORTAL strategy played out according to the market structure, and profits have been successfully secured. True accumulation often takes place after a period of disagreement. $META broke below two moving averages on the four-hour chart, forming a bearish alignment. The swing structure is already pointing downward, so a rebound at this level is simply an opening for short positions.
As the price rebounded toward the area just below the moving averages, trading volume contracted noticeably, indicating that buyers were unwilling to step in. Structurally, this looks more like a continuation of the decline than a bottom. I’m watching for a continuation lower toward the previous low after the weak rebound, rather than trying to call the bottom. Keep positions light, and be more cautious as the rebound approaches the previous high. Until the trend recovers, the direction remains unchanged.
🔴 Trade direction: Short
📍 Entry range: 612.96041 – 613.12052
🛑 Stop loss: 617.67980
🎯 Take profit 1: 609.56097
🎯 Take profit 2: 607.24130
🎯 Take profit 3: 603.76180
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#META
Click below to trade 👇
As the price rebounded toward the area just below the moving averages, trading volume contracted noticeably, indicating that buyers were unwilling to step in. Structurally, this looks more like a continuation of the decline than a bottom. I’m watching for a continuation lower toward the previous low after the weak rebound, rather than trying to call the bottom. Keep positions light, and be more cautious as the rebound approaches the previous high. Until the trend recovers, the direction remains unchanged.
🔴 Trade direction: Short
📍 Entry range: 612.96041 – 613.12052
🛑 Stop loss: 617.67980
🎯 Take profit 1: 609.56097
🎯 Take profit 2: 607.24130
🎯 Take profit 3: 603.76180
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#META
Click below to trade 👇