Don’t let a countertrend move throw you off—favorable risk/reward is the main play. The four-hour bearish alignment at $PORTAL remains intact; the rebound has simply offered a better entry. The ADX reading is close to 50, with the negative directional indicator holding above the positive one, clearly showing sellers in control. In this setup, chasing longs doesn’t offer a worthwhile risk/reward. The moving-average band overhead is acting as resistance, and volume has contracted on each rebound, suggesting limited buying interest.
I’m more focused on the acceleration after the previous low gives way—that’s where the short position can capture its profits. The risk/reward only makes sense if the stop is placed beyond the structural high.
🔴 Trade direction: Short
📍 Entry range: 0.0118557 – 0.0119235
🛑 Stop loss: 0.0128055
🎯 Take profit 1: 0.0112027
🎯 Take profit 2: 0.0107447
🎯 Take profit 3: 0.0100579
Take in the vastness of mountains and seas; observe the market’s smallest details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#PORTAL
Click below to trade 👇
I’m more focused on the acceleration after the previous low gives way—that’s where the short position can capture its profits. The risk/reward only makes sense if the stop is placed beyond the structural high.
🔴 Trade direction: Short
📍 Entry range: 0.0118557 – 0.0119235
🛑 Stop loss: 0.0128055
🎯 Take profit 1: 0.0112027
🎯 Take profit 2: 0.0107447
🎯 Take profit 3: 0.0100579
Take in the vastness of mountains and seas; observe the market’s smallest details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#PORTAL
Click below to trade 👇