Technical Decision: Buy or Sell?$PORTAL
⚠️ Technical Summary: At this specific moment, buying is considered a high-risk move (Fomo), and shorting (or waiting) is the better option technically.$PORTAL
🛑 Why is buying not recommended right now?
Entering a "buy" position after a 161% rise and with the RSI indicator nearing 90 exposes your portfolio to the risk of getting stuck at the top. Any upcoming correction to cool off the indicators could be swift and violent.
🟢 If you own the coin (bought from the bottom):
Partial sell (taking profits) is preferred: Selling a portion of your holdings now at levels of 0.03213 to secure your profits is a very smart move.
Raising the stop loss: If you want to stay in, raise your trailing stop order to be very close (for example, just below 0.0300) to protect your profits in case the price suddenly crashes.
⚠️ Technical Summary: At this specific moment, buying is considered a high-risk move (Fomo), and shorting (or waiting) is the better option technically.$PORTAL
🛑 Why is buying not recommended right now?
Entering a "buy" position after a 161% rise and with the RSI indicator nearing 90 exposes your portfolio to the risk of getting stuck at the top. Any upcoming correction to cool off the indicators could be swift and violent.
🟢 If you own the coin (bought from the bottom):
Partial sell (taking profits) is preferred: Selling a portion of your holdings now at levels of 0.03213 to secure your profits is a very smart move.
Raising the stop loss: If you want to stay in, raise your trailing stop order to be very close (for example, just below 0.0300) to protect your profits in case the price suddenly crashes.