The $PORTO /USDT pair on the 15-minute chart is showing a steady upward trend, currently trading around 2.192 USDT.
With recent buying momentum pushing the price close to its 24-hour high of 2.239 USDT, there’s potential for further movement if buying pressure sustains.
The immediate resistance level is marked at 2.239 USDT, which, if breached, could indicate a continuation of the bullish trend. Meanwhile, support is identified at 2.081 USDT; maintaining above this level is essential to prevent a downside shift.
An entry around the current price of 2.192 USDT could be considered for those expecting an upward continuation.
For take-profit (TP) levels, the initial target can be set at 2.210 USDT, followed by 2.230 USDT, and finally, 2.239 USDT if the price achieves a breakout above resistance.
To manage risk, a stop-loss (SL) at 2.150 USDT is recommended, providing a buffer in case of a reversal.Given the short timeframe, traders should keep an eye on the MACD and RSI for momentum confirmation and volume changes to validate the trade’s strength.
The setup is primed for quick responses, so monitoring is key.
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