๐ $FORTH : Breakout Watch ๐
$FORTH is showing a strong +11.79% gain today with increasing bullish momentum. After consolidating near the $5.20 range, it has now surged close to the $6.00 mark. This upward move indicates a possible breakout if the momentum sustains.
๐ Trade Signal
๐น Trade Direction: LONG ๐
Entry Zone: $5.80 - $5.90
Take Profit (TP):
TP1: $6.10 (Immediate Resistance)
TP2: $6.40 (Potential Breakout Target)
Stop Loss (SL): $5.50 (Support Level)
๐ก Why Take This Trade?
1๏ธโฃ Strong recovery with bullish candles and upward volume.
2๏ธโฃ Resistance at $6.00 under test; a breakout can trigger further gains.
3๏ธโฃ Increased volatility signals trader interest in the DeFi token.
๐ Risk Management: Secure partial profits near resistance and trail stop-loss as price climbs.
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