PORTAL/USDT Breakout Confirmed | Now Getting Ready to Rallyđđ
đAttention, Paradisers, #PORTALUSDT has recently surged above the falling wedge and is now moving to retest what was once resistance, now turned support, of the wedge. With the Point of Control (POC) of the Volume Profile Visible Range (VPVR) channel providing additional support, the stage is set for a potential bullish continuation.
đIf $PORTAL successfully confirms its support during this retest at $0.754, we can expect a substantial rally fueled by the positive momentum. This setup indicates a strong chance of an upward trend as #Portal looks to capitalize on the solid support at this level.
đHowever, if #Portal loses its footing and descends back within the wedge, dipping below the support level, it may signal an extension of the bearish trend, with the $0.705 zone as the next crucial area to watch. This level is renowned for its liquidity and has historically catalyzed significant bullish recoveries.
đShould #PORTAL test this lower demand zone again, it is imperative to achieve a robust rebound to maintain bullish support. A failure to do so could heighten bearish momentum, sour market sentiment, and potentially precipitate further declines.
MyCryptoParadise
iFeel the success
đIf $PORTAL successfully confirms its support during this retest at $0.754, we can expect a substantial rally fueled by the positive momentum. This setup indicates a strong chance of an upward trend as #Portal looks to capitalize on the solid support at this level.
đHowever, if #Portal loses its footing and descends back within the wedge, dipping below the support level, it may signal an extension of the bearish trend, with the $0.705 zone as the next crucial area to watch. This level is renowned for its liquidity and has historically catalyzed significant bullish recoveries.
đShould #PORTAL test this lower demand zone again, it is imperative to achieve a robust rebound to maintain bullish support. A failure to do so could heighten bearish momentum, sour market sentiment, and potentially precipitate further declines.
MyCryptoParadise
iFeel the success
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