Bullish Setup on $PORTO /USDT – Long Trade Signal
Chart Overview (1H timeframe)
PORTO/USDT has shown a strong recovery from 0.953 to 1.421 within 24 hours. After a quick pullback, price is consolidating above 1.34 and building strength again. The structure shows higher lows forming, which confirms buyers are in control.
Trade Direction
Bullish continuation
Entry Zone
Between 1.34 – 1.38 on minor dips
Stop-Loss
Below 1.23 (recent support zone)
Targets
Target 1: 1.48
Target 2: 1.55
Extended Target: 1.65 if breakout momentum continues
Risk-Reward
If entered at 1.36 with SL 1.23, risk is about 0.13 while first target offers +0.12 and extended move +0.29 → giving around 1:2 to 1:2.5 risk-reward ratio
Technical Logic
Strong breakout from consolidation after holding above $1 support
Bullish engulfing candles with volume confirmation
Formation suggests a breakout-continuation pattern with probability of further gains
Profit Probability
High (65–70%) as long as price stays above 1.23