The STRK strategy we positioned earlier has now successfully captured its profit potential. The timeframe and countertrend signals are aligned, and the four-hour structure at $PORTAL has made the direction crystal clear—the price is below both the EMA50 and EMA200, and the hourly chart shows no sign of recovery either. Sellers have maintained volume dominance on the 15-minute chart. Given this setup, I’m more inclined to view any rebound as an opportunity for bears to take over, rather than a trend reversal.
The daily chart looks range-bound, but the four-hour bearish alignment remains intact. A pullback toward the previous high would confirm it as resistance. An oversold reading only suggests that price action may be choppy; it doesn’t mean the structure has turned bullish. As long as key levels above aren’t decisively reclaimed, further downside remains more likely.
🔴 Trade direction: Short
📍 Entry range: 0.0158452 – 0.0159008
🛑 Stop loss: 0.0165516
🎯 Take profit 1: 0.0153641
🎯 Take profit 2: 0.0150249
🎯 Take profit 3: 0.0145160
Gaze upon the vastness of mountains and seas; observe the market’s subtle movements.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#PORTAL
Click below to trade 👇
The daily chart looks range-bound, but the four-hour bearish alignment remains intact. A pullback toward the previous high would confirm it as resistance. An oversold reading only suggests that price action may be choppy; it doesn’t mean the structure has turned bullish. As long as key levels above aren’t decisively reclaimed, further downside remains more likely.
🔴 Trade direction: Short
📍 Entry range: 0.0158452 – 0.0159008
🛑 Stop loss: 0.0165516
🎯 Take profit 1: 0.0153641
🎯 Take profit 2: 0.0150249
🎯 Take profit 3: 0.0145160
Gaze upon the vastness of mountains and seas; observe the market’s subtle movements.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#PORTAL
Click below to trade 👇