$FORTH
Pulling back after a spike – Quick recovery ahead?
$FORTH is trading at $5.892 on the 15-minute chart, cooling off after a 24-hour high of $6.561 following an aggressive rally. The price is now finding support around $5.79, with the RSI at 38.66, indicating a potential reversal from oversold conditions.
Trading setup:
Entry: around $5.89
Target 1 (TP1): $6.05
Target 2 (TP2): $6.20
Stop-loss (SL): $5.75
Considering that the MACD still shows bullish momentum and volume remains above average, FORTH may begin a short-term recovery to previous resistance levels. Traders should watch for signs of stabilization around support to confirm entry.
