$PORTAL The token is trading around $0.02075, up nearly 30%, after reaching a high near $0.02173.
Iโm not chasing this move. After seeing how quickly a strong candle can reverse, Iโd rather wait for a cleaner setup. ๐
My watchlist levels:
๐ฏ Entry zone: $0.0194โ$0.0200
TP1: $0.0217
TP2: $0.0221
๐ Stop: $0.0187
โ ๏ธ Risk: Keep position size small after such a sharp move.
The chart still looks interesting: price is above the 7/25/99 MAs, MACD remains positive, and volume has increased significantly. That supports the current momentum, although the extended move also leaves room for a pullback.
The key lesson: strong momentum doesnโt automatically mean a good entry. Sometimes patience and waiting for a retest can be better than buying into an already extended candle.
If $PORTAL holds the $0.0194โ$0.0200 area, Iโll be watching more closely. If that zone breaks, Iโd rather stay on the sidelines.
Not financial adviceโjust a chart.