$FOREST is showing a strong recovery after finding solid support at 0.0275. Following a prolonged decline from the 0.0429 high, buyers stepped in and successfully reversed the trend, pushing price back above the 0.0350 area. The chart is now printing higher lows and higher highs, a sign that bulls are regaining control. If this momentum continues, FOREST could see another breakout move soon.
Setup:
• Entry: 0.0350 – 0.0362
• Target 1: 0.0380
• Target 2: 0.0400
• Target 3: 0.0429
• Stop-loss: 0.0330
RSI around 72.50 shows strong bullish momentum, although the market is approaching overbought territory after the recent rally. As long as FOREST holds above the 0.0340–0.0350 support zone, the recovery trend remains intact. A breakout above 0.0369 could attract fresh buyers and fuel the next leg higher. 🚀📈🔥
Trade #forest here
FOREST
Alpha
0.031313
-4.94%