$PORTO is showing signs of weakness as it struggles to hold above the key MA(7) and MA(25) resistance near $1.045. Despite a slight gain, the price is stalling and volume remains subdued, indicating a lack of strong bullish conviction. This suggests a potential pullback toward lower support levels.
Entry Zone:
1.042 – 1.048
TP1:
1.030
TP2:
1.020
TP3:
1.010
Stop Loss:
1.058
Risk Management:
Limit risk to 2-3% of your capital per trade. Place stop loss above the 24h high to protect against an unexpected rally.
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