๐ ๐ฃ๐ข๐ฅ๐ง๐๐ ๐ง๐ฅ๐๐๐ฆ ๐ ๐๐ข๐ ๐๐๐๐๐ โ ๐๐จ๐ง ๐๐๐ก ๐๐ง ๐๐ข๐๐ ๐ง๐๐ ๐๐๐๐ก๐ฆ?
๐น Current Status
Price: $0.0382
24h Change: +7%
Trend: Attempting a bounce after a long drop
PORTAL is showing early signs of life after weeks of bleeding. It's climbed back above the 7-day MA and is now testing a key short-term resistance level. But is this just a relief bounce โ or the start of a bigger trend shift?
โ Support Levels (Buyers May Step In Here)
$0.0315 โ 7-day MA: short-term support and trend guide
$0.0280 โ Recent low zone
$0.0200 โ Long-term bottom support, crucial for holding macro structure
โ Resistance Levels (Where Sellers May Appear)
$0.0348 โ 25-day MA: current hurdle
$0.0627 โ 99-day MA: needs to break for trend reversal hopes
$0.090+ โ Breakdown level from earlier highs
๐ Key Observations
The bounce above $0.0348 would confirm short-term strength
But unless PORTAL breaks and closes above $0.062โ$0.070, it stays in a bearish structure
Price is still below major moving averages โ not a confirmed trend reversal yet
๐ Beginnerโs Explanation
If you're new to trading:
PORTAL is trying to recover after falling a lot
It's now facing a test at $0.0348 โ a previous resistance area
If it closes above $0.062, thatโs when real momentum could come back
Until then, be cautious โ this may just be a temporary bounce
๐ฏ Trader Tip
Aggressive Entry: If price holds above $0.035 with volume, short-term scalp possible
Safer Entry: Wait for breakout above $0.062 with strong volume
Stop-Loss Ideas: $0.030 or $0.028 depending on your risk