🔻 $FORTH /USDT – Bearish Setup Unfolding!
📍 Current Price: $4.013
📊 Short Trade Strategy: High Probability Setup
is showing signs of weakness, struggling to sustain levels above $4.05 while encountering selling pressure near $4.20. This resistance zone could act as a pivot point, leading to further downside if buyers fail to regain control.
🔹 Short Entry Zone: $4.05 – $4.20
🔹 Key Resistance Levels: $4.25 – $4.40
Profit Targets:
T1: $3.90
T2: $3.75
T3: $3.60
🔹 Stop Loss: Above $4.50 to mitigate risks in case of a breakout.
📌 Market Insight & Risk Management
📉 Bearish Pressure Building: FORTH is encountering sustained resistance at $4.20, and repeated failures to break higher could confirm a downside continuation.
⚠️ Strategic Risk Management: Maintain a 2-3% risk per trade, ensuring proper stop-loss placement above resistance to safeguard against unexpected reversals.
📢 Pro Tip: Watch for a failed breakout attempt near $4.20 with low buying volume—this could confirm a strong rejection and validate the short trade setup.