$PORTAL /USDT – Possible Pullback Incoming?
Current Price: $0.0707 (+24.47%)
Reason:
$PORTAL has surged over 24% in 24h, but signs of exhaustion are appearing. Price is close to local resistance ($0.0729), and volume is starting to plateau. RSI (not shown here but likely elevated) could indicate overbought conditions. Also, MA(7) is too extended above MA(25), suggesting a possible short-term correction or cool-off.
Short Setup (High-Risk, Scalp Only):
Entry Zone: $0.0715 – $0.0730
TP1: $0.0675
TP2: $0.0640
SL: $0.0749
Key Observations:
Price at local resistance
Overextension from 25MA and 99MA
Volume not growing further despite price surge
Pro Tip:
Wait for bearish confirmation on 15m or 1h candle before entering. Ideal for quick scalp traders only.
