$PORTAL
#it is time to buy it
and here is analysis
Current Chart Situation (1H timeframe):
Current Price: $0.0605
Recent Support: $0.0600
Recent Resistance: $0.0645 (previous horizontal price reaction zone)
RSI(6): 62.77 — nearing overbought, but still with momentum
Strong support below: $0.0570
---
Suggested Trade Setup (Short-term)
Trade Type: Long (Buy)
Entry Stop Loss Take Profit
$0.0600 - $0.0605 $0.0578 $0.0635
---
Reasons:
Entry: Price is hovering around the short-term support zone ($0.0600), which previously triggered a bounce.
Stop Loss: Set at $0.0578, just below the recent local support of $0.0580 to avoid being hit by normal market noise.
Take Profit: At $0.0635, which is approx 5% gain from $0.0605, and is slightly below the last major resistance around $0.0645 — safe buffer to exit before sellers appear.
Risk/Reward Ratio: ≈ 1:1.5 — reasonable for short-term scalp trades.
---
Additional Note:
If RSI crosses 70 during the trade and price nears $0.0630-$0.0635, consider partial exit.
If price breaks $0.0645 with strong volume, you can trail your stop loss to $0.0625 and hold for $0.0660.
