Technical Analysis for $FORTH /USDT:
Current Price Action:
Current Price: $5.603 (+5.58%)
24h High: $6.450
24h Low: $5.283
Targets:
1. Target 1: $5.800 (Resistance Level)
Immediate resistance. A breakout above this level could confirm short-term bullish momentum.
2. Target 2: $6.200 (Key Resistance)
Medium-term resistance. Sustained buying pressure is required to breach this level.
3. Target 3: $6.500 (Psychological Level)
Significant psychological resistance. Achieving this level could indicate a continued bullish trend.
Strategy:
Secure Partial Profits: Consider booking profits at each target to lock in gains.
Stop Loss: Place a stop loss below $5.500 to minimize downside risk.
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