The $UTK /USDT 4-hour chart indicates a highly volatile movement with significant price swings. After a sharp upward move that peaked near $0.17853, the price retraced to its current level of $0.12369. The following analysis outlines trade opportunities:

Long Position:

Entry: Around $0.12000 - $0.12300 (near the support level after retracement).

Target: $0.15000 as the first target and $0.17000 as the second, based on the previous peak.

Stop Loss: Place a stop loss at $0.11000 to limit downside risk.

Short Position:

Entry: If the price fails to break above $0.13000 (current resistance), short around $0.12800 - $0.13000.

Target: $0.11000, which aligns with previous support levels.

Stop Loss: Set a stop loss at $0.13500 to avoid losses from sudden upward moves.

Market Context:

The overall trend for UTK remains bullish on a higher time frame (30-day gains at 276.19%), suggesting dips could provide buying opportunities.

Traders should observe volume closely: a break above resistance with strong volume favors a long trade, while rejection signals potential downside.

Risk management is crucial due to the volatility—stick to stop-loss and position sizes accordingly.

#MicroStrategyJoinsNasdaq100 #CryptoUsersHit18M #CryptoMENA #UTK/usdt