$FORTH /USDT: A Steady Ascent with Strategic Potential
$FORTH /USDT is currently trading at 5.850 USDT, reflecting a 16.21% gain in the past 24 hours. After a sharp rally to a high of 6.265 USDT, the price is consolidating, indicating a healthy retracement and potential for further upward movement. The support level at 5.550 USDT acts as a solid base, while resistance at 6.000 USDT remains the key hurdle for the next breakout.
Traders could consider an entry point near 5.850 USDT, taking advantage of the consolidation phase. Target profit levels are set at TP1: 6.000 USDT, TP2: 6.200 USDT, and TP3: 6.400 USDT, aligning with the next resistance zones. A stop loss should be placed at 5.500 USDT to minimize downside risk.
The RSI is stable, suggesting room for more bullish activity, while the MACD remains near neutral, showing potential for renewed momentum. This setup provides an excellent opportunity for short-term gains while offering a calculated approach for managing risk.
