The FORTH currency is currently trading near 2.815. The price is moving within a sideways range after a long decline, which provides a potential opportunity for cautious speculative entry. If the price breaks the 2.90 level with strong trading volume, it can be considered an entry signal, initially targeting the 3.10 area.
It is preferable to set the stop loss below the strong support at 2.70, as breaking it could lead to a deeper decline towards 2.50 or lower.
Recommendation: Enter with a small percentage of capital while monitoring trading volume. In case of failure to break 2.90, a quick exit is preferred to reduce risk.