$PORTAL Key Support — Bounce or Breakdown Ahead?
PORTAL is currently trading at a critical support level near $0.0550 after a sharp selloff. Sellers dominated the last few sessions, but the current wick rejection suggests buyers may attempt a short-term rebound. However, any bullish case hinges on reclaiming the $0.0565 level quickly.
Key Levels to Watch
Resistance Zones:
• $0.0565 – Minor resistance
• $0.0573 – Mid-term upside target
• $0.0584 – Breakout barrier
Support Zones:
• $0.0550 – Immediate bounce zone
• $0.0538 – Lower retest area
• $0.0515 – Breakdown invalidator
Trade Setup
Bounce Entry: $0.0552 – $0.0555
• Target 1: $0.0565
• Target 2: $0.0573
• Target 3: $0.0584
Stop Loss: Below $0.0535
If price closes a strong 15m or 30m candle above $0.0565 with rising volume, momentum could shift quickly to the upside. Until then, this remains a cautious bounce play at best.