$PORTAL Short Liquidation. $29.156K at $0.3345 What’s Next.

Current Situation: just saw a massive short liquidation of $29,156K at the price of $0.3345. This could be a sign of strong bullish momentum building up as short positions are forced to close, pushing the price higher. When short liquidations happen, it means that traders betting against the coin are losing money, which can create an upward price movement.

What’s Next for $PORTAL.

1. Bullish Momentum. The liquidation suggests that there is a chance for a continued bullish rally. This type of price action often leads to a short squeeze, where the price could spike quickly due to traders covering their short positions.

2. Possible Retest of Support Levels. After the liquidation, the price may retest lower levels to establish a strong support base before going higher. Watch for any pullbacks to key support zones.

Buy Zone.

$0.3100 - $0.3200: This range could offer a good entry point for buyers if the price dips after the initial spike. If you missed the initial move, this zone may give you a better opportunity to buy in.

Target Levels.

First Target. $0.3600: The next resistance level to watch is around $0.3600. If the buying momentum continues, this could be a reasonable short term target.

Second Target. $0.4000: If the market remains bullish, the price could move up to the $0.4000 zone in the medium term, where there may be further resistance.

Stop Loss.

$0.2900: It’s important to protect yourself with a stop loss in case the market moves against you. If $PORTAL dips below $0.2900, it could signal a reversal or deeper correction, and your trade may be at risk.

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