$PORTAL gearing up for a bounce or deeper dive? Key zones in play🤔🔑👇
Analysis Overview:👨🏫
Current Price: 0.0895 USDT🦋
Timeframes Observed: 1H & 1D⌛
Key Chart Observations: 🔑📉🔰
$PORTAL Price is hovering at the 50 EMA on 1D, showing minor bullish rejection.
Recent CHoCH (Change of Character) confirms a temporary bullish structure shift.
However, the price failed to break 0.0950 resistance and is now testing the 0.0890 support zone.
RSI is cooling down but still in the neutral zone, allowing potential room for another leg up.
Strategy Plan: Bullish Continuation with caution🔥
Buy Zone (Spot Entry): 0.0880 – 0.0895✅
Short-Term Target 1: 0.0940🎯
Target 2: 0.0990🎯
Invalidation Zone: Below 0.0860 (close below would invalidate bullish bias)☣️
Why Bullish🤔🔥
Strong impulsive structure formed on the last rally, breaking internal BOS and creating a demand zone below. As long as price sustains above 0.086, buyers still hold control.
Formed Candle & Pattern:📊📉
1D shows a rejection wick from EMA support
1H chart retesting BOS zone + bullish engulfing pattern visible
Minor consolidation forming before potential breakout
Takeaway:🧑🏫
If $PORTAL sustains this support, we could see a decent 10–12% upside. Watch volume confirmation on the next move.
👨❤️👨"Patience is the weapon of the trader; control is the shield."
Disclaimer:⚠️
This is not financial advice. Always DYOR before investing.
