$FORTH
/USDT: Bearish Pressure – Key Levels for Potential Reversal or Continuation 🎯
Current Price: 5.201 (down -8.80% in 24 hours, slight decrease of -0.55% in the last 15 minutes).
Key Levels:
Support: 5.187 (24h Low) – Strong support level; watch for a potential rebound here.
Resistance: 5.561 (24h High) – Breakout above this level could trigger a rally.
Trade Strategy:
Buy: Consider entering near 5.187 if the price shows signs of a reversal, or on a breakout above 5.300 for confirmation of upward momentum.
Stop-Loss: Set a stop below 5.000 to limit downside risk.
Target Keys 🎯:
1. T1: 5.300 – Immediate resistance; partial profits can be taken here.
2. T2: 5.450 – Next resistance zone if the bullish trend continues.
3. T3: 5.600 – Higher target if the trend breaks above 5.300.
Risk Management: Monitor volume for confirmation of a bounce at 5.187 or a breakout above 5.300 to validate the continuation. Keep stops tight below 5.000 for protection.
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