The $PORTO /USDT trading pair is displaying strong bullish momentum on the 15-minute chart, with the current price positioned at 2.190 USDT after an 8.68% increase.
The recent surge in price, pushing it to a 24-hour high of 2.392 USDT, indicates growing buying interest. However, resistance is now seen at 2.257 USDT, a crucial level to watch for any breakout.
If PORTO can push beyond this resistance, it could signal a continuation of the upward trend with target points at 2.280 USDT for initial profit-taking, followed by 2.320 USDT and 2.390 USDT if the momentum persists.
The key support level rests at 2.102 USDT; a drop below this level may suggest a loss in bullish strength, potentially prompting a pullback.
For those considering a long entry, entering at the current price near 2.190 USDT could be viable, with the suggested stop-loss set at 2.060 USDT to manage downside risk.
This setup provides a structured approach to leverage PORTO’s momentum while managing risk.