$PORTAL /USDT SHORT TRADE SETUP – STRONG BEARISH MOMENTUM IN PLAY
Current Price: 0.0486
Market Structure: The chart displays a clear bearish trend, with the price making consistent lower highs and lower lows. The recent price action is characterized by strong red candles indicating selling pressure.
ENTRY LEVEL:
Enter a short position between 0.0490 and 0.0495. This entry point is set after the current bearish leg, anticipating a minor retracement before the next move down.
STOP LOSS:
Place the stop loss at 0.0505. This level is above the recent swing high, providing a safe buffer against unexpected upward price spikes.
TARGET POINTS:
* TP1: 0.0475
* TP2: 0.0465
* TP3: 0.0455
TRADE ANALYSIS:
The PORTAL/USDT pair is showing significant bearish momentum. After a peak at 0.0520, the price has been in a steady decline, breaking below key support levels. The current price of 0.0486 is a new intraday low, suggesting that sellers are in control. This short-trade setup capitalizes on the prevailing market sentiment and the high probability of a continued downtrend. Traders should look for confirmation signals, such as rejection from the entry zone, before initiating the trade.
$PORTAL