The undercurrent is showing: $PORTAL ’s chart structure is giving bearish signals. Both the four-hour and hourly charts are trading below their moving averages, with the trend pointing consistently downward. Each rebound is weaker than the last—isn’t that a sign that sellers are still in control? The RSI at 37.8 also confirms that momentum is leaning bearish.
One thing to keep in mind is that Bitcoin’s strength could lift it in a rebound, given their correlation, so don’t take on a large position. I’d rather watch for a pullback after a rebound toward the resistance zone. Until the structure turns, I wouldn’t rush to take the bullish side.
🔴 Trade direction: Short
📍 Entry range: 0.0143414 – 0.0143752
🛑 Stop loss: 0.0147422
🎯 Take profit 1: 0.0140705
🎯 Take profit 2: 0.0138785
🎯 Take profit 3: 0.0135906
There’s no need to chase the trend; the right moment will come to you.
Stand alongside Sister Li, and let every moment leave an echo.
#PORTAL
Tap below to trade 👇
One thing to keep in mind is that Bitcoin’s strength could lift it in a rebound, given their correlation, so don’t take on a large position. I’d rather watch for a pullback after a rebound toward the resistance zone. Until the structure turns, I wouldn’t rush to take the bullish side.
🔴 Trade direction: Short
📍 Entry range: 0.0143414 – 0.0143752
🛑 Stop loss: 0.0147422
🎯 Take profit 1: 0.0140705
🎯 Take profit 2: 0.0138785
🎯 Take profit 3: 0.0135906
There’s no need to chase the trend; the right moment will come to you.
Stand alongside Sister Li, and let every moment leave an echo.
#PORTAL
Tap below to trade 👇