$FORTH /USDT – High Volatility Spike With Quick Retracement

FORTH has surged sharply to hit a high of $5.462, marking an impressive +37.35% intraday gain, before retracing quickly to its current level at $3.056. This explosive move came with a strong volume influx, suggesting whale activity or a short squeeze. However, the fast rejection from the top highlights volatility and profit-taking pressure. The price spiked nearly 160% from its low of $2.149 within hours, but couldn’t sustain above $4.00, forming a long upper wick and signaling exhaustion.

24H Overview:

High: $5.462

Low: $2.149

Volume: 16.38M FORTH / $56.63M USDT

Key Levels:

Resistance: $4.05

Support: $2.50

Reaction Level: $3.00

Trade Setup:

Entry Zone: $2.90–$3.10

Target 1: $3.60

Target 2: $4.10

Final Target: $4.80

Stop Loss: $2.75

The current structure suggests a classic pump-and-dump pattern unless price stabilizes above $3.00 with sustained buying. Traders should monitor closely for either consolidation or another breakout attempt depending on volume behavior.

Pro Tip: Enter only on a clean consolidation breakout above $3.60. Avoid chasing green candles—volume must confirm direction to avoid false moves.

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