PORTAL/USDT recently broke out above the 0.0865-0.0886 resistance but has pulled back to retest this zone. At 0.0865 is showing signs of rejection at this level, indicating potential weakness.
Key Levels: The 0.0865 level, previously resistance, may fail to act as support. A break below could confirm bearish momentum.
Support Levels: If the price breaks below 0.0865, the next support levels are at 0.0800 and 0.0735
Enter a short position if the price breaks and closes below 0.0865, with a stop-loss above 0.0886 and a target at 0.0800 or 0.0735.
Key Levels: The 0.0865 level, previously resistance, may fail to act as support. A break below could confirm bearish momentum.
Support Levels: If the price breaks below 0.0865, the next support levels are at 0.0800 and 0.0735
Enter a short position if the price breaks and closes below 0.0865, with a stop-loss above 0.0886 and a target at 0.0800 or 0.0735.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.