A $3.34K LONG liquidation just hit $PORTAL at $0.01237, flushing leveraged long positions and resetting short-term market structure. Liquidations at low-price zones often act as a liquidity sweep, clearing weak hands before the next directional move.
With leverage removed, $PORTAL is now trading at a key reaction level. If buyers step in and defend this area with volume support, $PORTAL could attempt a recovery bounce. Failure to hold may open the door for deeper downside continuation.
Trade Setup
EP: 0.0120 – 0.0126
TP1: 0.0136
TP2: 0.0150
TP3: 0.0175
SL: 0.0113
Post-liquidation moves can be sharp — let price action confirm direction.
#Portal #BlockAILayoffs #JaneStreet10AMDump #MarketRebound #STBinancePreTGE