PORTAL/USDT (1H) – Potential Reversal Zone

Exchange: Binance – Perpetual Contract

Current Price: $0.0611

Volume: 8.38M

Change: -0.81%

⚠️ Signal Type: Watchlist – Potential Early Reversal (High Risk)

PORTAL has formed a local bottom near $0.052 and is attempting a short-term reversal. The latest bounce is occurring on increased volume, hinting at possible accumulation. However, the trend remains bearish unless key levels are flipped.

🔍 Technical Highlights:

Support Tested: $0.0525–$0.0550 zone has held multiple times

Volume Build-Up: Recent green candles show slight bullish pressure

Resistance to Break: $0.0635–$0.0650 (key for confirmation)

📊 Trade Setup (Aggressive Play):

🔵 Entry Zone: $0.0600–$0.0615 (watch for retest + strong candle)

🔴 Stop-Loss: Below $0.0550 (invalidates breakout attempt)

🟢 Take Profit Targets:

TP1: $0.0648

TP2: $0.0685

TP3: $0.0720 (strong resistance area)

Risk/Reward Ratio: 1.8 to 2.3 (depending on stop and entry precision)

🚫 Invalidation:

Break below $0.055 with strong volume = Bearish continuation

✅ Buy and Trade Here: $PORTAL