$FORTH

/USDT Trade Analysis and Strategy📉📊

Current Price: $6.129

24h Change: +15.16%

24h Range: $5.316 - $6.561

24h Volume: 2.70M FORTH / 16.06M USDT

Technical Snapshot

1. Trend:

Strong bullish momentum, up over 15% in 24 hours.

Price pulling back slightly (-0.16%) after hitting resistance at $6.56.

2. Key Support:

$6.00 (psychological support)

$5.80 (previous breakout level)

3. Key Resistance:

$6.56 (24h high)

$7.00 (next psychological barrier)

4. Indicators:

RSI: 70 (Near overbought—watch for potential pullback)

Volume: Strong, indicating solid bullish interest.

MACD: Bullish crossover, momentum remains positive.

Trade Strategy 🎯

Entry Zone: $6.00 - $6.10 (Wait for a slight pullback)

Stop-Loss: $5.80 (Manage downside risk)

Target Levels 🚀

1. 🎯 Target 1: $6.56 – Recent high retest

2. 🎯 Target 2: $7.00 – Next resistance zone

3. 🎯 Target 3: $7.50 – Extended bullish breakout

Trade Tip:

If RSI remains high, consider scaling out at key targets. Use trailing stops to protect profits during strong uptrends.

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