$FORTH /USDT Technical Analysis – Is $5.50 the Key Pivot? 🚀
FORTH is currently trading at $5.503, stabilizing near a critical level. Bulls are aiming for a breakout, but can they clear the upcoming resistance?
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Key Levels to Watch
🔸 Resistance Levels:
$5.80: Immediate barrier; a breakout here could propel the price to $6.20.
$6.50: A significant resistance zone, aligning with previous highs.
🔸 Support Levels:
$5.30: Key support to sustain the bullish trend.
$5.00: A psychological and structural level; losing this could trigger further declines.
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Trade Strategy
Bullish Setup:
Entry: Buy above $5.80.
Targets: Aim for $6.20-$6.50.
Stop-Loss: Place at $5.40.
Bearish Setup:
Entry: Short if $5.80 holds as resistance.
Target: Look for a decline toward $5.30.
Stop-Loss: Set at $5.90.
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Market Insight
FORTH is approaching a decisive moment—watch for volume spikes near $5.80 to confirm the next move. Whether it breaks out or pulls back, this could be a pivotal trading opportunity.