PORTO/USDT – Clean Breakout from Downtrend
🔍 Analysis:
PORTO has broken out cleanly above its descending trendline on the daily chart.
• RSI is above 67, showing strong bullish momentum
• MACD is crossing above signal line, supporting upside continuation
• Price reclaimed the $0.95 zone with strong volume
Trade Setup:
• Entry: $0.84-0.95(confirmed breakout)
• Stop-Loss: $0.83 (below recent support)
• Target: $1.25and $2(next resistance levels)
Conclusion:
After a long downtrend, this breakout suggests a potential trend reversal. Watching for retest or continuation.
📌 Bias: Bullish ✅
#PORTOUSDT #Breakout #Altcoins #CryptoAnalysis #TechnicalAnalysis
🔍 Analysis:
PORTO has broken out cleanly above its descending trendline on the daily chart.
• RSI is above 67, showing strong bullish momentum
• MACD is crossing above signal line, supporting upside continuation
• Price reclaimed the $0.95 zone with strong volume
Trade Setup:
• Entry: $0.84-0.95(confirmed breakout)
• Stop-Loss: $0.83 (below recent support)
• Target: $1.25and $2(next resistance levels)
Conclusion:
After a long downtrend, this breakout suggests a potential trend reversal. Watching for retest or continuation.
📌 Bias: Bullish ✅
#PORTOUSDT #Breakout #Altcoins #CryptoAnalysis #TechnicalAnalysis
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.