#ForthCrypto FORTH/USDT here's a quick breakdown for a short-term trading strategy using the visible technical indicators and price action:
Current Price: $3.096
Recent High: $5.462
Recent Low: $2.149
Volume Spike: Significant volume confirms breakout
Trade Setup (Short-Term):
Entry Point (Long):
Buy Zone: $2.90–$3.10
The price has pulled back after a major rally and is showing support near the 7 MA ($2.822) and 99 MA ($2.457).
Stop Loss:
Placement: Below key support and 99 MA
Suggested Stop Loss: $2.45
(Below the 99 MA and recent consolidation base)
Take Profit Targets:
TP1: $3.60 – Previous short-term resistance
TP2: $4.10 – Preceding breakout candle body
TP3: $5.00 – Near the recent high wick at $5.462
Risk-Reward Idea:
Entry: $3.00
Stop Loss: $2.45
TP1–TP3: $3.60–$5.00
This gives you a Risk:Reward of 1:1.2 (TP1), 1:2.2 (TP2), 1:3.6 (TP3)
Indicators Analysis:
MACD: Bullish crossover, histogram rising
Volume: Spike confirms move
MA Lines: Price is above MA(7), MA(25), and MA(99), confirming strong momentum $FORTH