$PORTAL - Short Setup ๐ด๐ป*
PORTAL/USDT pumped to 0.02000 and nuked -28.39% to 0.01241. Sellers in control โ ๏ธ
*Direction: Bearish Scalp ๐*
Massive rejection wick from 0.02000 high shows profit taking. Price now chopping under MA(7) 0.01254 and failing to reclaim the 0.01300 box. Current 0.01240 looks like a weak bounce before next leg down ๐
Volume spiked on the dump but no strong buying yet. Likely to retest lower supports before any real reversal ๐งฒ
*Short Trade Plan for PORTAL/USDT ๐*
๐ฏ Entry Zone: 0.01240 - 0.01260
Selling the retest of broken support / MA(7) resistance
๐ Stop Loss: 0.01305
Tight SL above the 0.01300 box. If 4H closes above, weโre out โ
๐ฐ Scalp Take Profits:
TP1: 0.01200 - Quick 3% scalp โ
TP2: 0.01150 - Next minor support ๐
TP3: 0.01100 - Liquidity zone ๐ฏ
TP4: 0.01050 - MA(25) 0.01005 front-run ๐
๐ Tip: Take 50% at TP1, SL to breakeven. This is a fast scalp with trend.
Setup invalid if PORTAL/USDT reclaims 0.01305 and holds ๐ซ
NFA. High volatility coin, use tight risk and small size ๐