🔥 $FORTH MOVES FORTH – BREAKOUT OR FAKEOUT? 🔥

You're spot on — $FORTH is making noise with that +5.37% pop, and that $2.49 resistance on the 4H chart is a key battleground. Here's a deeper technical and strategic breakdown:

📊 Trade Setup (Recap & Insight)

Entry Zone: $2.47 – $2.50

✅ Ideal range if you're looking to enter on confirmation or minor retrace.

Take Profit Targets:

TP1: $2.62 → local high from May; modest gain, good for scalpers.

TP2: $2.79 → aligns with April resistance zone; would signal broader upside momentum.

Stop-Loss (SL): $2.39

❗ Smart placement just below recent demand zone — protects against false breakout wicks.

🔍 Technical Clues:

Volume spike? If this breakout is backed by rising volume, odds are it’s legit.

RSI on the 4H: If it's near or above 70, beware of short-term overbought conditions.

EMA/SMA crossover? Check for a 21/50 EMA bullish cross — usually adds confluence to breakout strength.

🧠 Pro Strategy Tips:

If $2.49 flips into support, consider adding on retests.

Keep an eye on DeFi sector rotation — if capital flows into smaller DeFi names, FORTH could catch a secondary momentum wave.

Use a trailing stop after TP1 to protect gains while hunting TP2.

🔮 Final Word:

Breakout Bias: Moderately Bullish ✅ — but only if $2.49 holds as support with volume confirmation. Otherwise… 👻 fakeout risk is real.#BigTechStablecoin #TrumpVsMusk #MarketPullback #BlackRockETHPurchase #CircleIPO