$FORTH /USDT – Short-Term Technical Read (15m)
Price is around 1.505 after a clear rejection from 1.54+ and a steady sell-off back into support. This is distribution → pullback, not strength right now.
What just happened
FORTH pushed aggressively from 1.48 → 1.54, then rolled over. Since the top, price has printed lower highs and lower lows, slipping back below the fast averages and testing the lower MA zone.
Market structure
Impulse up, then distribution at highs
Breakdown below short-term structure
Now testing range support
Structure is bearish-corrective until buyers reclaim key levels.
Moving averages
Price is below MA(7) & MA(25) → short-term momentum bearish
MA(99 (~1.516)) is now above price → acting as resistance
This MA alignment favors sell-the-rally behavior.
Support & demand
1.505–1.500 → immediate support (current reaction zone)
1.492–1.485 → major demand / invalidation
Acceptance below 1.500 opens continuation toward 1.49.
Resistance & supply
1.515–1.520 → first resistance (MA cluster)
1.535–1.545 → major supply / distribution zone
Only a clean reclaim above 1.520 improves the structure.
Volume insight Volume expanded on the sell candles near the breakdown, while upside attempts showed weaker follow-through. This confirms distribution rather than healthy consolidation.
Scenarios
Bearish continuation (slightly favored): Lose 1.500 → move toward 1.49
Dead-cat bounce: Hold 1.500 → bounce into 1.515, likely rejection
Bullish only if: Reclaim 1.520 with volume → range recovery toward 1.535
Bias Short-term neutral to bearish. FORTH is weaker than many of the recent charts you shared and needs a 1.520+ reclaim to shift momentum back to bulls. Until then, rallies are suspect.
If you want, I can:
Rank FORTH vs WOO vs TRU vs LQTY (weak → strong)
Build a tight scalp plan around 1.50 support
Map a 1H breakdown vs reclaim roadmap
Just tell me what to do next.
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