The HYPE strategy I shared earlier has already taken profit in the previous round. Unusual activity has appeared. This rebound in $PORTAL looks lively, but the hard evidence is that the indicators haven't actually turned bullish. On the four-hour chart, the price has been held down by the EMA50, with the EMA200 still overhead. With the moving averages lined up and pressing downward, this rebound looks more like an opportunity for bears to take their positions. When watching the market, don't let a few bullish candles lead you astray. It's more comfortable to trade with the trend until it turns.
The moving-average zone above is resistance. If the price reaches it, it's likely to pull back again. We can first watch how it reacts near the previous low below. I'll manage my position size carefully; a trade with moderate confidence like this isn't suitable for a large position. Staying cautious is always best.
🔴 Trade direction: Short
📍 Entry range: 0.0127885 – 0.0128615
🛑 Stop loss: 0.0135083
🎯 Take profit 1: 0.0123126
🎯 Take profit 2: 0.0119711
🎯 Take profit 3: 0.0114587
There's no need to chase the trend; it will settle in on its own.
Stand alongside Sister Li, and let every moment resonate.
#PORTAL
Click below to trade 👇
The moving-average zone above is resistance. If the price reaches it, it's likely to pull back again. We can first watch how it reacts near the previous low below. I'll manage my position size carefully; a trade with moderate confidence like this isn't suitable for a large position. Staying cautious is always best.
🔴 Trade direction: Short
📍 Entry range: 0.0127885 – 0.0128615
🛑 Stop loss: 0.0135083
🎯 Take profit 1: 0.0123126
🎯 Take profit 2: 0.0119711
🎯 Take profit 3: 0.0114587
There's no need to chase the trend; it will settle in on its own.
Stand alongside Sister Li, and let every moment resonate.
#PORTAL
Click below to trade 👇