$FORTH BEARISH SETUP Watching for Breakdown or Bounce
$FORTH /USDT recently topped out at $3.174 after a clean rally from the major low, followed by a strong rejection around $2.999. Price action has since shifted bearish, with a clean lower-high structure and current consolidation near the support zone.
Chart Highlights:
• Major High: $2.999
• Recent Peak: $3.174
• Current Zone: Bearish consolidation after sell-off
• Key Structure: Support and resistance squeeze
Key Levels to Watch:
• Resistance: $2.62 A breakout above this could shift short-term momentum.
• Support: $2.48 A breakdown here opens downside toward $2.30 range.
Trade Setup (If breakdown occurs):
• Entry (Short): Below $2.48
• TP1: $2.30
• TP2: $2.10
• Stop-Loss: Above $2.62
If $FORTH bulls reclaim resistance, a reversal could be brewing. But for now, the setup favors sellers unless the structure breaks.
