Boys and girls, I just glanced at the PORTAL chart, it's a bit interesting, let me chat with you all.

First, let's get straight to the data. Current price 0.0232, up nearly 9% in 24 hours, looks pretty fierce, right? But look at that long upper shadow, it shot up to 0.0279 and then crashed back down, indicating significant selling pressure above, with a lot of funds taking the opportunity to exit. The current price is stuck below the MA60 moving average at 0.0234, which is like having a board pressing down from above; if it doesn't stand firm, it's still in a weak position.

Now looking at the volume, 1.83 billion traded in 24 hours, which is not small, but combined with this spike and drop pattern, it looks more like short-term speculation, not a solid bottom reversal. The most striking is the long-term data, which has dropped 94.76% over the past 180 days and has also halved over the past 90 days. What does this mean? It means this coin's downward trend is deeply rooted, and this little rebound might not even be a ripple in the larger cycle.

My view is very clear. This short-term volume increase is a technical rebound after a sharp decline, or stimulated by some news, but it is precisely suppressed by the moving averages, indicating that the bearish force has not yet exhausted. In the crypto world, respecting the trend always comes first; do not be misled by a day or two of price increases.

For the die-hard fans, I have two types of advice.

If you are a conservative player, my advice is just one word: wait. Don't get itchy fingers. The real opportunity is to wait for the price to effectively break through and stabilize above the MA60 moving average, and for the pullback not to drop below again; wait for the trend to establish itself. Entering now, the probability is high that you’ll be playing hot potato with short-term funds, and the risks far outweigh the rewards.

If you are an aggressive player and want to feel the market with a small position, I won’t stop you, but discipline must be strict. First, the position must be small, the kind that losing doesn’t affect your mindset. Second, a stop-loss must be set, like placing it a bit below today’s low point of 0.0197. Third, absolutely do not chase the price up, especially when you see a straight rise. Your goal is not to buy at the lowest point, but to test whether the trend might reverse.

In summary, when facing a coin that has rebounded after a long-term decline, maintain a sense of respect. Don’t mistake a rebound for a reversal; the market never lacks opportunities, but lacks patience and the ability to protect your principal. Let the bullets fly for a while longer, once the trend is clear, we can enter together to pick up cheaper chips.

The above is just my personal opinion and does not constitute investment advice. The market has risks; decisions should be made independently.