$PORTO is moving inside a pretty wide daily range, around $0.466, with 24h high near $0.509 and low near $0.447. For me, this is not a buy-anywhere chart.
The better setup is waiting to see if the lower range gets defended again.
Entry zone: $0.450 to $0.466
Stop: below $0.440
Targets: $0.490, then $0.509
If PORTO rejects before $0.49, I’d take that as a warning. Fan-token volume can rotate quickly, so I’d rather take the clean range trade than chase late.
The better setup is waiting to see if the lower range gets defended again.
Entry zone: $0.450 to $0.466
Stop: below $0.440
Targets: $0.490, then $0.509
If PORTO rejects before $0.49, I’d take that as a warning. Fan-token volume can rotate quickly, so I’d rather take the clean range trade than chase late.