The timing and confirmation have lined up perfectly, and the current chart for $PORTAL makes me more inclined to take the short side. Take a look at the 1-hour chart: price is trading below EMA50 and EMA200, with the moving averages in a bearish alignment, so the short-term trend is already tilted downward. The 15-minute ADX is above 25, showing clear seller dominance, while the 4-hour RSI is hovering around 41—every rebound seems to lack momentum. Sharp drops are most likely to happen in this kind of consolidation range. That small zone above is the area we’re watching; if volume fails to pick up after price enters it, a pullback would be only natural.
The daily chart is consolidating, so don’t use a large position, and leave enough room for your stop-loss. Personally, I’m looking to find a short entry if price rebounds into the zone, then scale out at several targets on the way down. What do you think of this consolidation pattern on the daily chart?
🔴 Trade direction: Short
📍 Entry zone: 0.0165042 – 0.0165578
🛑 Stop-loss: 0.0171280
🎯 Take-profit 1: 0.0160832
🎯 Take-profit 2: 0.0157847
🎯 Take-profit 3: 0.0153369
Still waters run deep, concealing far-reaching insight; through the market’s rises and falls, stay calm and composed.
Stand with Sister Fei and read the tides of wealth.
#PORTAL
Click below to trade 👇
The daily chart is consolidating, so don’t use a large position, and leave enough room for your stop-loss. Personally, I’m looking to find a short entry if price rebounds into the zone, then scale out at several targets on the way down. What do you think of this consolidation pattern on the daily chart?
🔴 Trade direction: Short
📍 Entry zone: 0.0165042 – 0.0165578
🛑 Stop-loss: 0.0171280
🎯 Take-profit 1: 0.0160832
🎯 Take-profit 2: 0.0157847
🎯 Take-profit 3: 0.0153369
Still waters run deep, concealing far-reaching insight; through the market’s rises and falls, stay calm and composed.
Stand with Sister Fei and read the tides of wealth.
#PORTAL
Click below to trade 👇