$FORTH /USDT: Price Consolidation Amid Uptrend – Trading Opportunities Ahead!🔥💯

The FORTH/USDT chart on the 15-minute timeframe shows a clear upward trend, maintaining a price channel between $4.80 and $5.80. The price is currently trading at $5.306, reflecting a slight pullback after touching the upper trendline resistance.

Key Levels:

• Resistance: $5.42 (Immediate), $5.60 (Major Breakout Target)

• Support: $5.20 (Channel Support), $4.80 (Key Psychological Level)

Trading Strategy:

• Long Entry: Buy above $5.42, targeting $5.60 and $5.80. Maintain a stop-loss at $5.20 to manage risk.

• Short Entry: Enter below $5.20, targeting $4.80. Place a stop-loss at $5.42 for safety.

Next Market Move:

• Bullish Scenario: Breaking above $5.42 could trigger a rapid rally toward $5.60 and possibly extend to $5.80.

• Bearish Scenario: If the price falls below $5.20, expect a deeper correction to test $4.80.

Trader’s Note:

The current retracement offers an opportunity to prepare for the next move. Watch for volume spikes to confirm a breakout or breakdown. Partial profit booking and tight stop-loss placement are recommended.

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