The HYPE strategy we positioned earlier has successfully captured its profit potential this round. There are no clear signs of fresh momentum, but the four-hour structure for $PORTAL has already made the direction quite clear. Price remains below the EMA50, while the EMA200 is still higher. The bearish moving-average alignment remains intact; every rebound gets pushed back down, and volume is showing no signs of supporting a move higher.

In this kind of structure, I’d rather follow the trend and look for short entries than try to call a bottom. The cluster of moving averages overhead acts as resistance, making any rebound toward it an opportunity for selling pressure to come in. The key is whether support around the previous low can hold. I’d keep the position size light, since my confidence is only moderate, and assess how price behaves near the first target before deciding what to do next.

🔴 Trade direction: Short
📍 Entry range: 0.0127984 – 0.0128714
🛑 Stop loss: 0.0135186
🎯 Take profit 1: 0.0123221
🎯 Take profit 2: 0.0119803
🎯 Take profit 3: 0.0114675

Gaze upon the vast mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the rises and falls of the world.

#PORTAL

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