The LAB strategy we discussed earlier has just moved into profit smoothly, so we’ve secured a solid win on this trade. There’s been a sudden move, but I’d rather stay calm and watch. $PORTAL has broken below both EMA50 and EMA200 on the 4-hour and 1-hour timeframes, making the trend direction very clear. Have you noticed how every rebound has been weak, unable to reclaim the key moving averages?
Bitcoin is also moving lower, and this asset is following closely. Looking at the market structure, overhead pressure remains strong, while buying volume hasn’t picked up. In this situation, it makes more sense to think in the direction of the trend. Unless price makes a strong move back above the moving averages, further downside is the more likely scenario.
🔴 Trade direction: Short
📍 Entry range: 0.0144613 – 0.0145165
🛑 Stop loss: 0.0150225
🎯 Take profit 1: 0.0140887
🎯 Take profit 2: 0.0138220
🎯 Take profit 3: 0.0134218
There’s no need to chase the wind; it will come to rest in its own time.
Stand alongside Sister Li, and let every moment resonate.
#PORTAL
Tap below to trade 👇
Bitcoin is also moving lower, and this asset is following closely. Looking at the market structure, overhead pressure remains strong, while buying volume hasn’t picked up. In this situation, it makes more sense to think in the direction of the trend. Unless price makes a strong move back above the moving averages, further downside is the more likely scenario.
🔴 Trade direction: Short
📍 Entry range: 0.0144613 – 0.0145165
🛑 Stop loss: 0.0150225
🎯 Take profit 1: 0.0140887
🎯 Take profit 2: 0.0138220
🎯 Take profit 3: 0.0134218
There’s no need to chase the wind; it will come to rest in its own time.
Stand alongside Sister Li, and let every moment resonate.
#PORTAL
Tap below to trade 👇