$PORTAL /USDT Trade Setup
Market Insight:
$PORTAL has surged +13.57% in the past 24 hours, with strong bullish momentum breaking above the mid-Bollinger Band (MB: 0.0420) and nearing the upper band (UP: 0.0459). This suggests a continuation attempt after a prolonged downtrend (-88.48% YoY). Volume is moderate but picking up.
š¹ Entry:
Buy Zone: $0.0435 ā $0.0450 (ideal pullback range near MB)
šÆ Targets:
Target 1: $0.0485 ā Minor resistance zone
Target 2: $0.0520 ā Psychological and technical resistance
Target 3: $0.0580 ā Stronger breakout level from prior sell-off area
š Stop Loss:
Below: $0.0400 (loss of key structure and mid-BB)
š Key Levels:
Support: $0.0420 (MB), $0.0389 (24h low), $0.0361 (previous local bottom)
Resistance: $0.0455 (24h high), $0.0485, $0.0520
Pivot Zone: $0.0420 ā $0.0450 (decision area)
š” Pro Tip:
If you missed the breakout, wait for a pullback near $0.0435ā$0.0440. Watch for volume confirmation before entering, as this could be a short-term spike in a long-term downtrend. Avoid overleveraging due to historical volatility.
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