Under the surface, the divergence is becoming even clearer. $PORTAL —I’m siding with the bears on this move. On the four-hour chart, the price is being held down by the moving averages, with each high lower than the last. The rebound may look lively, but volume hasn’t followed through, and sellers are still in control of the pace. Looking at the market structure, the one-hour chart shows no signs of strengthening either; the trend’s momentum is still in the bears’ hands. The daily chart is range-bound, so don’t take on a large position—a small position is a safer way to test the waters.
The moment we’re waiting for is a rebound toward the resistance zone. Chasing the price down could easily leave you caught out. How long do you think this rebound can last? I’m more inclined to see it as a correction.
🔴 Trade direction: Short
📍 Entry range: 0.0143776 – 0.0144208
🛑 Stop loss: 0.0148327
🎯 Take profit 1: 0.0140740
🎯 Take profit 2: 0.0138574
🎯 Take profit 3: 0.0135322
There’s no need to chase the trend; it will come to a stop on its own.
Stand shoulder to shoulder with Sister Li, and let every moment leave an echo.
#PORTAL
Click below to trade 👇
The moment we’re waiting for is a rebound toward the resistance zone. Chasing the price down could easily leave you caught out. How long do you think this rebound can last? I’m more inclined to see it as a correction.
🔴 Trade direction: Short
📍 Entry range: 0.0143776 – 0.0144208
🛑 Stop loss: 0.0148327
🎯 Take profit 1: 0.0140740
🎯 Take profit 2: 0.0138574
🎯 Take profit 3: 0.0135322
There’s no need to chase the trend; it will come to a stop on its own.
Stand shoulder to shoulder with Sister Li, and let every moment leave an echo.
#PORTAL
Click below to trade 👇