Once the dust settles, the chart structure for $PORTAL has already laid out the answer. Both the 4-hour and hourly timeframes are below their moving averages, with no disagreement on the trend direction. The 15-minute ADX is nearing 48, showing that sellers are still in control—this is not the kind of rebound you can casually buy into. Bitcoin is rising, but this asset hasn’t kept pace; the gap is substantial. The correlation is clear, and its failure to follow the rally is itself proof of weakness.
A rebound that meets resistance near the top of the range is where bears should be paying attention—not chasing the price down. As long as the structure remains intact, the downward path is still valid. Keep your position small, and don’t mistake a rebound for a reversal.
🔴 Trade direction: Short
📍 Entry range: 0.0156120 – 0.0156632
🛑 Stop loss: 0.0161763
🎯 Take profit 1: 0.0152336
🎯 Take profit 2: 0.0149643
🎯 Take profit 3: 0.0145603
Gaze upon the vastness of mountains and seas; observe the market’s minutiae.
Join Uncle Xiong on the journey, and witness the gains and losses of the world.
#PORTAL
Click below to trade 👇
A rebound that meets resistance near the top of the range is where bears should be paying attention—not chasing the price down. As long as the structure remains intact, the downward path is still valid. Keep your position small, and don’t mistake a rebound for a reversal.
🔴 Trade direction: Short
📍 Entry range: 0.0156120 – 0.0156632
🛑 Stop loss: 0.0161763
🎯 Take profit 1: 0.0152336
🎯 Take profit 2: 0.0149643
🎯 Take profit 3: 0.0145603
Gaze upon the vastness of mountains and seas; observe the market’s minutiae.
Join Uncle Xiong on the journey, and witness the gains and losses of the world.
#PORTAL
Click below to trade 👇