🚨 WATCH out for $FORTH /USDT in this PERPETUAL CONTRACT! 🚨
The price is dancing just below a key resistance zone, and this smells like an opportunity if you know what you're doing! 📉 We see a very clear "Strong High" in the $2.428 - $2.468 range. If the price fails to break that resistance strongly and with volume, we could be facing an excellent opportunity for a SHORT.
The idea would be to look for an entry around $2.428, with a tight stop loss above the "Strong High", let's say at $2.468. The target (take profit) would be the "Weak Low" in the $2.295 - $2.294 range. Watch out for the wicks! It could be a liquidity grab before a drop.
It seems that the market wants to hunt the liquidity of that "Weak Low", so a bearish move is the most likely. Patience will be key here.