๐ PORTAL/USDT - Strong Reversal Signal Detected!
๐ฆ Posted by Golden Lion Trading
๐ Technical Outlook:
Current Price: $0.0437 (+29.67% in 24H)
Support Level: $0.0267 (Recent swing low)
Resistance Zone: $0.0452 - $0.05
๐ Candlestick Analysis: A strong bullish weekly candle has formed with increasing volume, indicating the potential start of a trend reversal. The price has broken through the 7 EMA and is now testing dynamic resistance near the 25 EMA.
๐ Indicators:
EMA(7) vs EMA(25): Price is crossing above the short-term EMA(7), a bullish sign after prolonged downtrend.
MACD: Bullish crossover in progress with histogram turning greenโearly momentum building.
RSI(6): Currently at 38.75โclimbing from oversold territory, suggesting potential upside with more room to grow before becoming overbought.
๐ Smart Money Concept (SMC) Signal: Institutional Accumulation Detected ๐
The chart shows signs of accumulation between $0.0267 and $0.035. Recent volume spikes signal smart money entering the market. A Break of Structure (BoS) above $0.0452 could confirm a shift in market structure from bearish to bullish.
๐ฎ Forecast:
If the price holds above $0.043 and breaks $0.0452 with strong volume, we may see a mid-term target of $0.08โ$0.12.
โณ Action Plan (Not Financial Advice):
Breakout Traders: Watch for a daily/weekly candle close above $0.0452
Pullback Traders: Ideal re-entry near $0.037โ$0.040 zone (retest of breakout)
๐ข Follow @Golden Lion Trading for more real-time trade setups, chart analysis, and educational breakdowns.
Let's trade smart, not hard. ๐ผ๐ง
#PORTAL #Altcoins #SmartMoney #TechnicalAnalysis #GoldenLionTrading