A drop to $62–63K without strong spot selling panic, while funding remains low, means there isn’t enough long positioning to fuel a major distribution.
I see this as a liquidity reset, not the start of a new leg down.
$PORTAL I wanted to open a short on $PORTAL but it doesn’t seem like a right thing to do now and this is because, the exact move PORTAL is displaying now has happened twice before.
On the Chart, You will see that after Pumping, $PORTAL dipped a bit and pumped again, then it repeated it again, this time around creating another high and dipping again.
Basically, Portal has been creating Higher Highs and higher lows so shorting right now is not a smart thing because What PORTAL is trying to do now is create another Higher low, before you short, wait for PORTAL to break the previous higher low.
If you think trading is a shortcut, then honestly, it’s not for you.
To me, trading feels like a war — a constant battle between institutions, big money, and us retailers. The market doesn’t care about your loans, your problems, or how badly you need money. It shows no mercy. It will humble you again and again. 📉
So if you’re getting into trading, don’t take it lightly. Ever.
An indicator won’t change your life. One strategy won’t change your life. One lucky trade definitely won’t change your life.