PORTO
Here's a concise overview for PORTO token trading,
Long Trade:
Entry Idea:
Conservative: Wait for a confirmed bounce from the stronger support zone around $1.00 - $1.04. This is a key Fibonacci support level.
Aggressive: A confirmed breakout and sustained close above immediate resistance at $1.05 - $1.08 with strong volume could signal a change in momentum.
Targets:
Short-term: $1.10 - $1.15
Mid-term: $1.20 - $1.25
Potential stretched target: $1.30 - $1.40
Stop-Loss (example): Below $0.98 or $0.95 (depending on entry and risk tolerance).
Short Trade:
Entry Idea: If PORTO fails to hold the $1.00 - $1.04 support and breaks down convincingly, or if it retests $1.05 - $1.08 and is rejected with strong bearish confirmation.
Targets:
Short-term: $0.98 - $1.00
Mid-term: $0.95 - $0.97
Stop-Loss (example): Above $1.08 or $1.10.
Key Support & Resistance Levels:
Resistance: $1.05, $1.08, $1.10, $1.15
Support: $1.04, $1.00, $0.98, $0.95