🚀 PORTAL/USDT — Bullish rebound after the dump | 1H
📌Briefly about the situation:
PORTAL shows a confident recovery after the decline. The price is 0.0224 USDT (+4.19%) rebounding from the local bottom of 0.0197 and is now testing key resistance at 0.0225–0.0227. The increase in volume confirms buyer interest, but the market is already close to overheating.
📊 Indicators (briefly):
• EMA 21/50/99: ~0.0212–0.0209 — price is above, a bullish crossover is forming
• MACD: positive, histogram is rising — buying momentum
• RSI: 6 = 78.7 (overbought), 14 = 64 — strong trend
• Stochastic RSI: 100% — a short pullback is possible
• Volume: above average, green bars dominate
🎯 Main scenario — LONG
As long as the price holds above the EMA and support at 0.0218, priority remains with buyers. A breakthrough at 0.0225 may accelerate upward movement.
🧭 Trading plan:
• Entry:
— aggressively: on the breakthrough at 0.0225
— conservatively: pullback 0.0218–0.0220
• Stop-loss: 0.0195
• Targets:
1️⃣ 0.0235 (+5%)
2️⃣ 0.0250 (+11%)
3️⃣ 0.0270 (+20%)
⚠️ Summary:
The bullish momentum remains, but overbought conditions require caution. We work with the trend, taking profits in parts and strictly adhering to risk management.
Spot trading 👉$PORTAL
