$FORTH / USDT Showing Downtrend on Binance - Time to Be Cautious? 📉
Hey Binance Traders,
Looking at the $FORTH / USDT 4-hour chart, we can see a clear downward trend. The price is currently at 2.388 USDT, down -3.01% in the last 4 hours and -2.89% today.
After a significant drop, $FORTH seems to be consolidating at these lower levels. However, the overall trend suggests continued bearish pressure.
Key Observations:
* Consistent Downtrend: The chart shows a series of lower highs and lower lows.
* Recent Low: The 24-hour low is at 2.350 USDT, which could be tested again.
* Resistance Level: The recent high of 2.556 USDT might act as resistance for any potential short-term bounce.
What are your strategies for FORTH right now? Are you expecting a reversal, or do you anticipate further decline?
Let's discuss potential scenarios and trade carefully!
