$PORTAL a bearish candle that smashes a key support is shown, but the trading volume still hasn’t picked up with the same “no-nonsense” strength when breaking the level. It’s basically the kind of little move the main force deliberately makes to shake out panic. In the last 24h, it dropped to 0.01477U. Compared with the previous two days when it dropped to 0.01488U, the trading volume has shrunk by almost 30%. The bears’ intention to thoroughly break the trend just isn’t that strong—more likely it’s about harvesting those thin lots that are betting on a breakout and rebound.
I’ve just placed a buy order to add. I’m entering lightly from 0.0147U to 0.0149U. My stop-loss is set at 0.01465U. The target is around 0.016U for some “small gains.”
Oh, and an urgent reminder for everyone: don’t go in and fill it all up blindly! I had about half my position before, and when it dropped today, I wasn’t panicked—I actually found it interesting. With reduced volume, a drop like this is a classic “stop-hunt/induce-sell” script. I only tested with a 30% PORTAL position, so you’ve got to control your hands.
If you agree that this is a bear trap (induced sell) and that it can be pulled back to 0.016U later, then smash the like button and put it out there. I’ll see how many fellow brothers are with me!
#PORTAL
I’ve just placed a buy order to add. I’m entering lightly from 0.0147U to 0.0149U. My stop-loss is set at 0.01465U. The target is around 0.016U for some “small gains.”
Oh, and an urgent reminder for everyone: don’t go in and fill it all up blindly! I had about half my position before, and when it dropped today, I wasn’t panicked—I actually found it interesting. With reduced volume, a drop like this is a classic “stop-hunt/induce-sell” script. I only tested with a 30% PORTAL position, so you’ve got to control your hands.
If you agree that this is a bear trap (induced sell) and that it can be pulled back to 0.016U later, then smash the like button and put it out there. I’ll see how many fellow brothers are with me!
#PORTAL