$PORTAL (1H Timeframe) Update 📈

PORTAL has completed its ABC correction pattern, marked in blue. Inside Wave C, we can see a descending wedge structure highlighted by the red support and resistance lines. Within this wedge, a complete five-wave Elliott sequence (marked in yellow) has formed.

Once the price breaks above the pink resistance line following the completion of Wave 5, a bullish rebound is expected. Based on the Fibonacci retracement measured from the current fifth wave, the first target stands at the 50% retracement level.

🎯 Target Price: $0.02296

📊 Potential Profit: +37%

The completion of the five-wave decline combined with a breakout from the wedge could signal the beginning of a strong recovery move.

As always, manage your risk accordingly.