The $PORTO /USDT 15-minute chart shows a significant price movement, currently trading around 2.072 USDT. This recent surge has pushed the price into a consolidation phase after reaching a high of 2.352 USDT.
Now, the chart indicates a potential setup for a quick move. The key resistance level sits at 2.188 USDT, where a break above could trigger another upward push. On the other side, the support level is identified at 1.999 USDT, essential for maintaining the current bullish trend.
A suitable entry point for this trade would be around 2.072 USDT. For potential take profits, traders can consider close targets to minimize risk, with TP1 at 2.100 USDT, TP2 at 2.150 USDT, and TP3 at 2.188 USDT. To limit downside exposure, a stop loss (SL) at 1.970 USDT is recommended, allowing for a controlled exit if the price retraces.
This setup combines conservative targets with essential risk management for a balanced approach.
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