The LAB strategy shared earlier has successfully captured this wave of profit. Is this a chance to make easy money? I’m choosing to stay calm and stick to my position. $PORTAL The four-hour trend structure has turned bearish, with price below both the EMA50 and EMA200. The one-hour chart shows no sign of a reversal either. With both timeframes aligned to the downside, any rebound is an opportunity for bears.
There’s no sign of increased buying volume, which suggests buyers aren’t stepping in aggressively. And with Bitcoin weakening, this asset has a strong tendency to follow it lower, making a downside breakout much more likely than an upside reversal. As long as price stays below that short-term moving average, the bearish thesis remains intact.
🔴 Trade direction: Short
📍 Entry range: 0.0144616 – 0.0145168
🛑 Stop loss: 0.0150228
🎯 Take profit 1: 0.0140890
🎯 Take profit 2: 0.0138222
🎯 Take profit 3: 0.0134221
Gaze upon the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#PORTAL
Click below to trade 👇
There’s no sign of increased buying volume, which suggests buyers aren’t stepping in aggressively. And with Bitcoin weakening, this asset has a strong tendency to follow it lower, making a downside breakout much more likely than an upside reversal. As long as price stays below that short-term moving average, the bearish thesis remains intact.
🔴 Trade direction: Short
📍 Entry range: 0.0144616 – 0.0145168
🛑 Stop loss: 0.0150228
🎯 Take profit 1: 0.0140890
🎯 Take profit 2: 0.0138222
🎯 Take profit 3: 0.0134221
Gaze upon the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#PORTAL
Click below to trade 👇