PORTAL/USDT : Trading Idea (Potential Short-Term Bounce)
Entry Point: A possible entry point could be if the price shows signs of holding above the $0.0620 level and begins to show some upward momentum with increasing green candles. You might wait for confirmation of this bounce.
Exit Point (Target 1): A potential initial profit target could be around the $0.0660 - $0.0670 area, which aligns with previous price action and could act as minor resistance.
Exit Point (Target 2): A more ambitious target could be around the $0.0700 - $0.0710 level, where there seems to be stronger resistance.
Stop-Loss: It's crucial to set a stop-loss to manage risk. A stop-loss could be placed slightly below the recent low, perhaps around $0604 or $0.0595, to limit potential losses if the downtrend resumes.
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