$PORTAL is currently trading around 0.0228 USDT, moving sideways in a tight range after a sharp dip and quick bounce from 0.0226. Price action over the last sessions suggests absorption at lower levels, indicating sellers are losing momentum.
On the 1H timeframe, candles are compressing and volatility is shrinking — a classic pre-breakout behavior. The recent long lower wicks show buyers stepping in on dips, which keeps the structure neutral-to-bullish as long as support holds.
Trade Setup (Monitoring → Reactive Trade)
Entry Zone:
• 0.0226 – 0.0229
Targets:
• Target 1 🎯: 0.0235
• Target 2 🎯: 0.0243
• Target 3 🎯: 0.0255
Stop Loss:
• 0.0222 (below range low & liquidity sweep)
Technical Outlook
Strong defense around 0.0226 support
Sideways consolidation after a pullback = potential base
Previous rejection near 0.0243 is the key breakout level
A volume-backed move above 0.0235 can flip momentum bullish
If $PORTAL breaks above the range with solid volume, price can expand quickly and target higher resistance zones. Until then, this remains a wait-for-confirmation setup, not a chase.
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