Technical Analysis: $FORTH
/USDT💯🔥🔥
Current Price: 5.698 USDT
Trend: The price is showing upward momentum with a +2.87% increase in the last 24 hours.
Support: 5.536 USDT (24h low), 5.590 USDT (buy depth)
Resistance: 5.779 USDT (24h high), 5.765 USDT (sell depth)
RSI: Neutral-to-Bullish, indicating potential for continued upward movement if momentum holds.
MACD: Currently showing a bullish crossover, supporting further upward movement.
Trade Signal:
Buy Entry: Near 5.700 USDT, as price is above short-term support with strong upward momentum.
Target Levels:
1. Target 1: 5.75 USDT - Strong resistance at this level.
2. Target 2: 5.80 USDT - Key resistance, potential for breakout.
3. Target 3: 5.90 USDT - Ideal for longer-term positions if upward trend continues.
Stop Loss: 5.55 USDT, just below recent support levels, protecting from downside risk.
Trade Momentum: Bullish, driven by positive price action and volume, but it's essential to monitor the broader market for potential shifts in direction.