$FORTH /USDT: Strong Momentum in Channel – Key Levels in Focus! 🔥
$FORTH /USDT is trading at $5.527, continuing its movement within a well-defined upward channel despite a -1.95% pullback. The price remains near the lower trendline, keeping bullish momentum intact as long as this support level holds.
Key Levels to Watch:
Support: $5.50–$5.60 (Lower trendline zone)
Resistance: $6.00–$6.50 (Immediate resistance)
Next Target: $7.00 (Upper trendline and channel peak)
Trading Strategy:
Entry: Near $5.50–$5.60
Short-Term Target: $6.50
Extended Target: $7.00
Stop-Loss: Below $5.50
Insights:
Volume: A breakout confirmation will depend on increased trading volume.
Profit Management: Secure partial profits around $6.50 and adjust stop-losses to safeguard gains if the price approaches $7.00.
The channel structure remains favorable, but traders should remain cautious, especially if the price dips below the support zone.
📈 Stay vigilant and monitor the price action closely to capitalize on potential moves!