$FORTH Momentum Check: Breakdown or Bull Trap?
($FORTH) has recently witnessed a massive volatility spike, surging to a 24h high of $0.554 before entering a sharp corrective phase. The price is currently battling to find stable ground as it pulls back toward the SuperTrend support level.
🎯 Trade Setup:
EP (Entry Range): $0.435 – $0.455
TP1: $0.510
TP2: $0.550
SL (Stop Loss): $0.410
Technical Insight:
The 1H chart shows ($FORTH) is currently testing the strength of its local market structure after a parabolic move. RSI(6) has cooled down to 51.49, suggesting the initial overbought pressure has eased, but we need to see liquidity hold above the $0.430 zone to avoid a deeper reversal.
What’s the next move for $FORTH? Cast your vote! 👇
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