Positive Outlook for PORTAL/USDT : Technical Analysis Insights
#PORTALUSDT #RSI: #Tecnicalanalaysis #Write2Earn! #BinanceSquareFamily The **PORTAL/USDT** trading pair is moving within a **descending channel** on the **1-hour time frame**. A recent **bounce from the lower limit** at **0.2160** indicates a potential upward reversal.
The **Relative Strength Index (RSI)** is nearing a breakout point, signaling increased momentum, while the price stabilizes above the **100-period moving average**.
- Entry Price : **0.2306**
- First Target : **0.2458**
- Second Target : **0.2679**
- Third Target : **0.2933**
Advice :
Traders should consider entering at **0.2306** with targets set at **0.2458, 0.2679,** and **0.2933**. Monitor the RSI for confirmation of upward momentum to optimize trades and manage risks effectively.