$PORTO /USDT – Gearing Up for a Bounce?

Current Price: $1.09 (+0.28%)

Reason:

$PORTO has held firm above its 24h low ($1.078) and is starting to form a base. While price is slightly below the short-term moving averages (MA7 & MA25), it is close enough to reclaim them. The price-action shows rejection of lower levels, and the low 24h volume might suggest selling pressure is drying up. A push above MA(7) could trigger a minor upside rally.

Long Setup:

Entry Zone: $1.08 – $1.10

TP1: $1.12

TP2: $1.14

TP3: $1.16

SL: $1.06

Key Observations:

Strong support forming near $1.07

MA(99) at $1.12 could act as magnet/resistance

Volume declining, potential reversal brewing

Pro Tip:

If PORTO breaks and holds above $1.10–$1.11 with good volume, it could attempt to reclaim $1.14+. Consider tight stops as this is a short-term bounce setup.

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