$PORTAL PUSHING HIGHER – BREAKOUT STRENGTH OR TRAP ZONE?
$PORTAL/USDT is currently trading at $0.0632, climbing steadily after reclaiming bullish structure. Price just tapped its intraday high of $0.0637, and now traders are watching closely to see if this breakout holds or fizzles out.
Key Levels to Watch:
Resistance:
• $0.0637 – Immediate ceiling and intraday high
• A clean breakout could lift price toward:
TP1: $0.0660
TP2: $0.0685
Support:
• $0.0614 – Short-term support from recent consolidation
• $0.0600 – Key breakdown level; losing this may drive price to:
TP1: $0.0580
TP2: $0.0560
Trade Setup – Breakout Continuation or Fade?
Bullish Entry:
• Entry on sustained move above $0.0637
• Targets:
• TP1: $0.0660
• TP2: $0.0685
• Stop-Loss: Below $0.0614 to control downside risk
Bearish Entry:
• Breakdown below $0.0600 could trigger downside acceleration
• Targets:
• TP1: $0.0580
• TP2: $0.0560
• Stop-Loss: Above $0.0635 to avoid false breakdown
Wait for clear signals before diving in.