Many people keep asking me why it looks like $PORTAL is as if I’m seeing my ex lover—wanting to go back, but also afraid of being tricked and hurt deeply. Honestly, at this moment, its chart really is the kind that tests the patience of holders.
Looking closely at the current technical structure, I see $PORTAL is in an extremely sensitive battleground area:
🔹 15-minute chart: MA(20) is at 0.0158 while EMA(9) is 0.0157. Price is clinging to the MA line, suggesting the selling side hasn’t completely taken over, but the buying side is clearly running out of steam.
🔹 1-hour chart: MA(20) at 0.0157 and EMA(9) at 0.0158. This interweaving signals an annoying sideways move before the next directional decision. If it can’t hold the 0.0157 level, there’s a high chance of a deeper shakeout.
From bloody experience in the market, I never chase red candles unless I see signs of price pulling back. With this range, I choose to “wait and watch for the bait” rather than rush into a trade:
🎯 My personal setup:
- Position: LONG when there are signs that selling pressure is running out.
- Entry: 0.0155 - 0.0156 (Wait for a retracement and test back to support).
- Take profit (TP): 0.0165 - 0.0170.
- Stop loss (SL): 0.0152 (If the candle closes below this zone, I accept the stop—no holding/averaging).
If $PORTAL fails to hold hard support at 0.0155, the SHORT scenario will be prioritized when the old low breaks. What do you think about this accumulation move—will there be an unexpected PUMP tonight?
Note: This is my personal viewpoint, not investment advice. Trading always involves risk (DYOR).
#Crypto #Trading #BinanceSquare
Looking closely at the current technical structure, I see $PORTAL is in an extremely sensitive battleground area:
🔹 15-minute chart: MA(20) is at 0.0158 while EMA(9) is 0.0157. Price is clinging to the MA line, suggesting the selling side hasn’t completely taken over, but the buying side is clearly running out of steam.
🔹 1-hour chart: MA(20) at 0.0157 and EMA(9) at 0.0158. This interweaving signals an annoying sideways move before the next directional decision. If it can’t hold the 0.0157 level, there’s a high chance of a deeper shakeout.
From bloody experience in the market, I never chase red candles unless I see signs of price pulling back. With this range, I choose to “wait and watch for the bait” rather than rush into a trade:
🎯 My personal setup:
- Position: LONG when there are signs that selling pressure is running out.
- Entry: 0.0155 - 0.0156 (Wait for a retracement and test back to support).
- Take profit (TP): 0.0165 - 0.0170.
- Stop loss (SL): 0.0152 (If the candle closes below this zone, I accept the stop—no holding/averaging).
If $PORTAL fails to hold hard support at 0.0155, the SHORT scenario will be prioritized when the old low breaks. What do you think about this accumulation move—will there be an unexpected PUMP tonight?
Note: This is my personal viewpoint, not investment advice. Trading always involves risk (DYOR).
#Crypto #Trading #BinanceSquare