What’s your target for this project in spot trade?

$PORTAL

Let's analyze:
1. Trend:
• Global downward trend with a maximum level at 2.8064, however, a local support was formed at level 0.2031, from which the reversal began.
• The current price of 0.5123 is above MA (7) and MA (25), confirming the short-term upward momentum.
2. Volumes:
• Increased volumes in the range of 0.2031–0.4301 indicate active accumulation, which may signal the interest of major players.
3. Resistance levels:
• First resistance level: 0.5697 (maximum in 24 hours).
• Second level: 1.0275, where the last consolidation zone was observed.
4. Support levels for buying:
• Nearest support: 0.4301, from where the last upward movement began. This is a strong level for entry during a correction.
• Stronger support: 0.2031, the minimum price from which the asset began its reversal.
5. Indicators:
• MA (7) is above MA (25), confirming the current upward trend.
• RSI (based on the current chart shape): if above 70, the asset may be overbought, and a correction is to be expected.
Recommendations for buying:
• Entry level:
• During correction: 0.4301.
• A more aggressive entry is possible at current levels of 0.5000–0.5123 with a small volume.