$PORTAL Don't touch it! It dropped 14.23% in 24 hours, currently at 0.0130 USD, but today it touched a low of 0.0117. I've been watching this level for two days. The trading volume of 37M looks lively, but it's actually all retail investors catching the falling knife.

Don't be fooled by the "24h high of 0.0164". That was a bull trap before the early morning sell-off. Do you know how many people bought the top? A friend of mine opened a 5x long at 0.015 and got liquidated for 70k USDT in half an hour.
Hard data in your face: PORTAL has dropped over 90% from its all-time high. Both the daily and weekly charts show death crosses. On-chain data shows net outflows from whale wallet addresses for 7 consecutive days, with institutional holdings being quietly dumped to retail.
You think this is the bottom? The bottom is formed by buying, not by guessing. Once this liquidity shrinks, even 0.01 won't hold.
But then again, if you insist on gambling on a rebound, I'll only give one conservative trading condition: wait for the price to retrace below 0.012, and on the 15-minute timeframe, a bullish candle with increased volume engulfs the previous bearish candle. Only then can you try a small long position.
Keep position size within 1% of total capital, set stop-loss at 0.0115, and take-profit at 0.014.
If you are currently holding a losing position, remember: reduce in batches when the price rebounds above 0.0145. Don't be greedy, and definitely don't add to positions.
I am Gate's conscientious warning blogger, focused on exposing project fundamentals. Want to lose less money? Follow me, I'll help you avoid traps every day. Do you think PORTAL can hold 0.01 this time? Drop a vote in the comments, I'll see if the bears or the bulls win.