$FORTH Holding Key Support!
Reversal in Sight?
Market Momentum:
"Consolidation Phase - Watch for Breakout!"
FORTH is trading at $4.282, up +0.49%, after bouncing from a 24h low of $4.000 and testing a high of $4.340.
The price is hovering near short-term moving averages (MA7: $4.249, MA25: $4.273), suggesting a potential base formation. However, it's still below the MA99 at $4.736, which serves as the next major resistance level.
With 143K FORTH traded in 24h, buying interest is gradually increasing, indicating a possible trend reversal.
Trade Setup:
Entry Zone: $4.10–$4.30 (Look for stabilization)
Targets:
$4.50 (Short-Term Resistance)
$4.75 (Major Breakout Level)
$5.10+ (Trend Reversal Confirmation)
Stop-Loss: $3.95 (Below key support)
Summary:
FORTH is showing signs of bottoming out, with price action suggesting accumulation. If volume picks up and price holds above $4.30, a move towards $4.75+ could be in play.
Traders should watch for breakout confirmation before entering long positions!
