$FORTH
$FORTH/USDT LONG TRADE SIGNAL – STRONG REVERSAL IN SIGHT
Entry Zone: $2.65 – $2.70
Target 1: $2.80
Target 2: $2.90
Final Target: $3.00
Stop Loss: $2.50
Why Go Long?
$FORTH just showed a strong bullish engulfing pattern after bouncing off the $2.45 support level. This could signal a potential bottom. The price has broken above a minor resistance at $2.66 and is now around $2.69, showing solid upward momentum.
Both the STORCHRSI and MASTOCHRSI indicators are at 100.000, which means the market is strongly overbought. This can actually be a good sign early in a trend reversal. If price moves above $2.74 (the 24-hour high), it could confirm a breakout toward the $3.00 area.
Volume is rising, showing that buyers are stepping in. The price structure is also shifting to higher highs and higher lows – another bullish sign.
Risk Tip: Once the price hits $2.80, consider moving your stop-loss to breakeven. This way, you protect profits but can still ride any further upside.
Watch closely – the next big move might be near!