$FORTH /USDT – Rejection at Resistance, Time for Pullback?
$FORTH has shown strong upward momentum but is now facing clear rejection near the $2.50 resistance zone. After forming a sharp wick and breaking below minor support, the price structure suggests a potential short-term correction. If momentum remains weak, we could see a retest of the lower demand zones.
📉 Bearish Trade Setup (Short Idea):
• Entry Zone: $2.43 – $2.45
• Take Profit 1 (TP1): $2.38
• Take Profit 2 (TP2): $2.30
• Take Profit 3 (TP3): $2.296
• Take Profit 4 (TP4): $2.22
• Stop Loss (SL): $2.502
This setup favors short sellers if the price fails to reclaim the $2.50 zone. Monitor volume to confirm weakness.