$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!

FORTH
Created with Highcharts 9.1.1
5,114
+4.49%

#FORTH #CryptoAnalysis #TradeWisely #USUALSpotPrediction