The signs of a move are appearing, and confirmation is following. $PORTAL is leaning bearish on both the 4-hour and 1-hour charts right now. Price is being held down by the EMA50 and EMA200, and selling momentum is still in play. Looking at the chart, the rebound seems to be struggling near the moving averages, and volume hasn’t picked up either, suggesting buying interest is limited. In this kind of situation, I’d rather look for opportunities in the direction of the trend than try to guess the bottom.
The rebound resistance zone is what I’m watching. Start small and scale out in stages; wait for the first target to be reached before moving your stop-loss. Don’t rush to buy the dip—before the trend reverses, catching a falling knife against the trend can be painful. Do you think this rebound can hold?
🔴 Trade direction: Short
📍 Entry range: 0.0118928 – 0.0119482
🛑 Stop-loss: 0.0124186
🎯 Take-profit 1: 0.0115469
🎯 Take-profit 2: 0.0112977
🎯 Take-profit 3: 0.0109241
There’s no need to chase the prevailing trend; it will come to a stop on its own.
Stand alongside Sister Li, and let every moment leave an echo.
#PORTAL
Tap below to trade 👇
The rebound resistance zone is what I’m watching. Start small and scale out in stages; wait for the first target to be reached before moving your stop-loss. Don’t rush to buy the dip—before the trend reverses, catching a falling knife against the trend can be painful. Do you think this rebound can hold?
🔴 Trade direction: Short
📍 Entry range: 0.0118928 – 0.0119482
🛑 Stop-loss: 0.0124186
🎯 Take-profit 1: 0.0115469
🎯 Take-profit 2: 0.0112977
🎯 Take-profit 3: 0.0109241
There’s no need to chase the prevailing trend; it will come to a stop on its own.
Stand alongside Sister Li, and let every moment leave an echo.
#PORTAL
Tap below to trade 👇