The real finale often lies beyond the disagreement. $PORTAL is below the moving average system on both the four-hour and hourly charts, and the bearish alignment remains intact. In this structure, I’m more inclined to view any rebound as a recovery rather than a reversal. The 15-minute ADX reading is elevated, indicating that sellers are still setting the pace, but short-term indicators have already entered oversold territory, making it less attractive to chase shorts.
My plan is to wait for the price to return to the supply zone above before considering an entry. This is an area of concentrated selling pressure from earlier, and if the rebound reaches this zone without strong volume, it could be where the bears take control again. After the previous low breaks, the four-hour downtrend structure should continue to guide the direction. A rebound can happen at any time in oversold conditions, so position sizing and risk management must be planned in advance. Don’t let a single bullish candle shake your conviction.
🔴 Trade direction: Short
📍 Entry range: 0.0152173 – 0.0152813
🛑 Stop loss: 0.0159674
🎯 Take profit 1: 0.0147106
🎯 Take profit 2: 0.0143515
🎯 Take profit 3: 0.0138129
Behold the vastness of mountains and seas; observe the market’s every nuance.
Trade alongside Uncle Xiong and witness the rise and fall of fortunes.
#PORTAL
Click below to trade 👇
My plan is to wait for the price to return to the supply zone above before considering an entry. This is an area of concentrated selling pressure from earlier, and if the rebound reaches this zone without strong volume, it could be where the bears take control again. After the previous low breaks, the four-hour downtrend structure should continue to guide the direction. A rebound can happen at any time in oversold conditions, so position sizing and risk management must be planned in advance. Don’t let a single bullish candle shake your conviction.
🔴 Trade direction: Short
📍 Entry range: 0.0152173 – 0.0152813
🛑 Stop loss: 0.0159674
🎯 Take profit 1: 0.0147106
🎯 Take profit 2: 0.0143515
🎯 Take profit 3: 0.0138129
Behold the vastness of mountains and seas; observe the market’s every nuance.
Trade alongside Uncle Xiong and witness the rise and fall of fortunes.
#PORTAL
Click below to trade 👇