🟢Trading signal for PORTAL/USDT

📊 Signal Type: Bullish Breakout Expected 📈

📅 Timeframe: 4-hour chart (medium-term)

💵 Current Price: $0.3409

📈 Price Targets:

1. First Target: $0.3767

2. Second Target: $0.4038

3. Third Target: $0.4391

📝 Analysis:

• The price is currently moving within a downward channel and is approaching the support area, showing potential for a bullish breakout from the channel.

• RSI (49.59) is gradually rising from oversold conditions, confirming increasing momentum toward the upside. Watch for further upward movement as it crosses key resistance points.

• A bullish divergence on the RSI indicates that buying pressure is accumulating, making the likelihood of a breakout stronger.

🎯 Key Levels to Watch:

• Support: $0.3069 (strong base at the bottom of the down channel)

• Resistance Levels:

• $0.3767 (first target)

• $0.4038 (second target)

• $0.4391 (third target)

⚠️ Risk Management:

• Set a stop-loss slightly below the support level at around $0.3000 to protect against unexpected downward moves.

🔄 Scenario Expectations:

• Bullish breakout likely once price confirms above the $0.3409 level. Expect resistance around $0.3767, but a break here could push it further to $0.4038 and potentially $0.4391.

🚀 Potential Outcome:

• If the breakout is confirmed, expect the price to surge toward the higher resistance levels, driven by increasing buying volume and the bullish market structure. Ideal for swing traders looking for medium-term gains.

🧠 Additional Notes:

• Stay alert for volatility around the breakout, and adjust your strategy according to the volume dynamics and RSI movement.

Disclaimer: DYOR and NFA.

$PORTAL

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