$PORTO /USDT – SHORT TRADE SETUP: BEARISH REVERSAL AFTER SPIKE 💯
Timeframe: 30-Minute Chart
Market Structure: Price rallied to 1.156 before facing strong rejection, forming consecutive bearish candles, indicating selling pressure after the recent pump.
ENTRY LEVEL:
Enter short between 1.070 – 1.080 on a minor pullback.
STOP LOSS:
Place stop loss above 1.100 to avoid a false breakout trap.
TARGET POINTS:
TP1: 1.040
TP2: 1.015
TP3: 0.985
TRADE ANALYSIS:
After a strong upward move, $PORTO has hit resistance at 1.156 and is showing signs of profit-taking. Multiple red candles signal potential continuation to the downside if buyers fail to regain momentum. Watch for rejection at the pullback zone before entry.