🧠 $PORTO /USDT Technical Analysis (4H) Current Price: $1.
TECNOMERCADO
Updated at: 10 hours ago
{"content":"🧠 $PORTO /USDT Technical Analysis (4H)
Current Price: $1.327 🚀
MA Levels:
MA7: $1.134 (bullish crossover confirmed)
MA25: $1.045
MA99: $0.943
All moving averages are now below price — strong bullish momentum in play.
📈 Chart Structure & Price Action:
PORTO just broke above a year-long downtrend and is printing the highest candles since Nov 2024.
Volume likely surged behind this move, indicating a breakout, not just a fakeout.
The 4H structure shows a textbook rounding bottom + bullish engulfing breakout.
🎯 Key Resistance Levels (Targets):
Target 1 (T1): $1.48
Minor resistance from Q4 2024
🔁 Take profit on 1/3 here
Target 2 (T2): $1.78–$1.85
Former support turned resistance before major dump
Target 3 (T3): $2.25
Next macro resistance from Nov 2024 peak
🛡️ Support Zones:
Main support: $1.13 (MA7/structure flip zone)
Critical support: $1.00 (psychological and breakout base)
Losing these would invalidate the current bullish move.
⚡ Conclusion:
PORTO is in full breakout mode with rising structure, strong moving average alignment, and room to push into the $1.50–$2.00 region if momentum holds. Start trimming profits at $1.48, and trail stop-loss just under $1.13 for position safety.
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