Technical Analysis for $FORTH /USDT:

Current Price: $5.71

24h High: $6.561

24h Low: $5.436

Key Support: $5.44

Key Resistance: $6.56

Indicators:

1. Relative Strength Index (RSI): Currently neutral (around 50-60), indicating a balanced momentum, with the potential for upward movement if the price breaks above the resistance.

2. Moving Average Convergence Divergence (MACD): The MACD is showing bullish momentum, with the short-term average above the long-term average, suggesting an upward trend.

3. Parabolic SAR: The SAR value is at $6.086, indicating that the trend could remain bullish as long as the price stays above this level.

Trade Signal:

Buy: Entry around $5.50 (near support)

Target Levels:

Target 1 (T1): $6.00 (near first resistance)

Target 2 (T2): $6.30 (mid-resistance level)

Target 3 (T3): $6.56 (major resistance)

Stop Loss:

Stop Loss: $5.40 (below the key support)

Trade Momentum:

Bullish: With a positive MACD and price movement towards resistance levels, the momentum is currently bullish. A successful break above the $6.00 level could push the price further toward the next targets.

Recommendation:

Enter around $5.50, aiming for targets $6.00, $6.30, and $6.56.

Manage risk with a stop loss at $5.40.

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