馃殌 $FORTH /USDT Technical Analysis 馃殌
Current Price: $5.542 (+7.74% in 24h)
Timeframe: 30m Chart on Binance
$FORTH has shown strong bullish momentum, reaching a 24h high of $5.579. The price is trading near its high, indicating potential for continued upward movement if the resistance level is broken.
Key Levels and Targets
1锔忊儯 Immediate Resistance: $5.600
Breaking above this level could signal further bullish momentum and a new upward leg.
2锔忊儯 Next Target Zone: $5.800
A critical resistance level for short-term traders aiming for quick gains.
3锔忊儯 Long-term Target: $6.200
A psychological level and a significant upside target for sustained bullish movement.
Trading Strategy
Short-term traders: Look for entries above $5.550, targeting $5.600 and $5.800.
Long-term investors: Accumulate near support levels of $5.400 and hold for a potential move toward $6.200.
馃搶 Support Levels:
Immediate support at $5.400, with a stronger base at $5.200.
Recommendation
Secure partial profits as FORTH approaches resistance levels. Monitor trading volume for breakout confirmation above $5.600, and adjust stop-loss levels to minimize downside risk during potential pullbacks.