$FORTH /USDT: Momentum Builds for a Tight-Ranged Breakout
$FORTH /USDT is currently trading at $5.641, displaying strong upward momentum with bullish candlesticks forming on the 15-minute chart. The RSI indicates overbought conditions at 79, suggesting high buying pressure, while volume continues to support the uptrend.
Trade Setup
Entry Point: $5.630
Take-Profit Targets:
1. TP1: $5.670
2. TP2: $5.700
3. TP3: $5.740
Stop-Loss: $5.590
FORTH has established a key support zone near $5.590, ensuring stability if the price retraces slightly. The resistance level at $5.700 remains crucial; a breakout above this could lead to incremental gains within the tight target range. Traders are advised to closely monitor price action as the market shows signs of consolidation, setting up for its next potential move.