The SOL strategy setup I shared earlier played out as expected, and we captured a nice profit this round. The breakout window won't wait, and the bearish reversal structure for this move is already crystal clear: $PORTAL . Both the 4-hour and 1-hour charts are trading below the moving average system, and the bearish alignment has remained intact. The 15-minute ADX reading is elevated, showing that sellers are still in control. This isn't what a low-volume, gradual decline looks like.
Price is a long way from the moving average cluster, so a bounce could happen at any time. That makes choosing the entry zone more important than the direction itself. I'm watching for signs of a stalled rebound after price reaches the resistance zone, rather than chasing red candles. Until the structure recovers, the downside targets are the previous low-volume areas in sequence. A trend reversal is only on the table if price firmly reclaims the invalidation level above.
Whether the key level holds is what determines if this trade setup remains valid. What do you think?
🔴 Trade direction: Short
📍 Entry range: 0.0142283 – 0.0142689
🛑 Stop loss: 0.0146237
🎯 Take profit 1: 0.0139673
🎯 Take profit 2: 0.0137797
🎯 Take profit 3: 0.0134985
Gaze upon the vast mountains and seas; observe the market's every nuance.
Trade alongside Uncle Xiong and witness the market's gains and losses.
#PORTAL
Click below to trade 👇
Price is a long way from the moving average cluster, so a bounce could happen at any time. That makes choosing the entry zone more important than the direction itself. I'm watching for signs of a stalled rebound after price reaches the resistance zone, rather than chasing red candles. Until the structure recovers, the downside targets are the previous low-volume areas in sequence. A trend reversal is only on the table if price firmly reclaims the invalidation level above.
Whether the key level holds is what determines if this trade setup remains valid. What do you think?
🔴 Trade direction: Short
📍 Entry range: 0.0142283 – 0.0142689
🛑 Stop loss: 0.0146237
🎯 Take profit 1: 0.0139673
🎯 Take profit 2: 0.0137797
🎯 Take profit 3: 0.0134985
Gaze upon the vast mountains and seas; observe the market's every nuance.
Trade alongside Uncle Xiong and witness the market's gains and losses.
#PORTAL
Click below to trade 👇