$PORTAL #Portal
TECHNICAL ANALYSIS PORTAL/USDT – 1H FRAME
1. General technical analysis
- Short-term trend: Clear uptrend. Price has surpassed MA(7), MA(25), and MA(99).
- Nearest resistance: 0.0750 (nearest peak).
- Strong support: 0.0680 (coincides with MA(25)).
- Volume: Significantly increased along with price rise => confirms strong uptrend.
- Indicators:
• MACD: Bullish signal, histogram expanding.
• RSI: Showing signs of overbought, need to closely monitor breakout.
2. Suggested trading strategy
A. SPOT trading (Buy immediately and hold)
- Entry: 0.0710 – 0.0730 (price is accumulating above MA7)
- Take Profit (TP): 0.0780 – 0.0800
- Stop Loss (SL): 0.0680
Reason: Price is accumulating above the breakout zone, good for short-term spot hold.
B. LONG Buy (derivatives)
- Entry: 0.0730 – 0.0735 (buy when price breaks accumulation and heads towards 0.0750)
- TP1: 0.0780
- TP2: 0.0820
- SL: 0.0705
Reason: Price is waiting to break the resistance zone 0.0750 – if it breaks, it will attract FOMO.
C. SHORT Sell (derivatives when breakout fails)
- Entry: 0.0748 – 0.0752 (when price creates a false peak and pulls back)
- TP1: 0.0715
- TP2: 0.0680
- SL: 0.0765
Reason: If the price does not break 0.0750 and turns back, the likelihood of a deep correction towards MA25 is high.