$FORTH Pulls Back After a Spike – Quick Recovery Ahead?
$FORTH is trading at $5.892 on the 15-minute chart, cooling off from its 24-hour high of $6.561 after an aggressive rally. The price is now finding support around $5.79, with RSI at 38.66, indicating a potential reversal from oversold conditions.
Trade Setup:
Entry: Near $5.89
Target 1 (TP1): $6.05
Target 2 (TP2): $6.20
Stop Loss (SL): $5.75
With MACD still showing bullish momentum and volume sustaining above average, FORTH could stage a short-term recovery towards the previous resistance levels. Traders should watch for signs of stabilization around support to confirm an entry.