$PORTO /USDT – Breakdown in Motion! More Downside Ahead?
Current Price: $1.100 (−3.85%)
Fan Token $PORTO is sliding fast, now testing its 24H low and risking a further breakdown.
Market Structure:
24H High: $1.160
24H Low: $1.098
Price is consistently making lower highs and lower lows on the 30m chart.
Key Levels:
Resistance: $1.130 – $1.145
Support: $1.095 (if broken, next level $1.050)
Short Trade Setup:
Entry Zone: $1.105 – $1.115 (on minor bounce)
TP1: $1.090
TP2: $1.060
Stop Loss: $1.135
Market Insight:
The bears are pressing hard. PORTO just printed a fresh local low with weak buying response, indicating sellers are still in control.
Pro Tip:
Wait for a weak bounce into resistance to short. Avoid shorting directly into support.
Breakdown Confirmed – Ride the Momentum Down!
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