š $FORTH /USDT TECHNICAL ANALYSIS
The current price of FORTH/USDT is $6.252, showing a 3.03% increase. The 24-hour high is $6.450, and the 24-hour low is $4.898. The trading volume in the last 24 hours is 2.00M FORTH and 11.73M USDT.
TRADE SETUP
Long Entry š
- Entry Point: $6.30
- Explanation: Entering a long position at this level could be beneficial if the price continues its upward trend, targeting $6.80. A stop loss at $6.00 will help manage potential losses.
- Target Price (TP): $6.80
- Stop Loss (SL): $6.00
Short Entry š
- Entry Point: $6.20
- Explanation: Entering a short position at this level might yield gains if the price reverses and heads towards $5.80. A stop loss at $6.50 will manage the risk.
- Target Price (TP): $5.80
- Stop Loss (SL): $6.50
RISK MANAGEMENT
Use a 2% risk per trade to manage potential losses.
INDICATOR PREDICTION
The current trend shows bullish momentum with potential for further gains. Monitor RSI and MACD for confirmation of trend continuation or reversal.