$PORTO Spike and Fade Opportunity....

$PORTO rallied strongly to $1.42 before facing rejection, pulling back toward $1.17. This sharp retracement signals fading momentum, opening the door for a short-term downside move if buyers fail to regain control.

Short Trade Setup

Entry Zone: $1.18 – $1.20

TP1: $1.10

TP2: $1.04

TP3: $0.98

Stop Loss: $1.25

Note: Watch for increased volatility around $1.10. A decisive break below could accelerate the sell-off toward sub-$1 levels.