$PORTAL Recovery or Just Noise? Bulls Eye Breakout From Tight Range
$PORTAL is up +19% today, currently trading at $0.0348 after reclaiming key intraday levels. However, price is now compressing below resistance, forming a tight range — a decisive move is approaching.
Key Levels to Watch:
• Resistance: $0.0350 – $0.0352 – A breakout here could shift momentum back in favor of the bulls.
• Support: $0.0340 – Holding this is crucial to prevent another leg lower.
• Deeper Support: $0.0335 – A breakdown here could trigger stronger selling pressure.
Trade Setup – Watch for Confirmation
Bullish Scenario
A close above $0.0352 could ignite a move toward:
• First target: $0.0365
• Extended target: $0.0380
Bearish Scenario
If price breaks below $0.0340, expect a test of:
• First support: $0.0335
• Deeper support: $0.0325
Volume is building, but bulls must reclaim momentum soon. A breakout from this tight consolidation could lead to a quick move in either direction — stay ready