$UTK /USDT Trading Signal - Bullish Momentum
Market Overview: UTK/USDT is trading at $0.0986, up 14.25% in the last 24 hours, following a sharp breakout from $0.0838 to a high of $0.1100. The current pullback indicates consolidation, offering potential for a continuation of the bullish trend if the price holds above $0.0920.
Trading Setup:
Entry Zone (Long): $0.0970 - $0.0990
Targets:
Target 1 (TP1): $0.1050
Target 2 (TP2): $0.1120
Stop Loss: Below $0.0910
Analysis Highlights:
Support Zone: The $0.0920-$0.0930 range provides strong short-term support.
Resistance: The $0.1100 high acts as a key resistance; a breakout here could signal further upside.
Trend: The bullish trend remains intact as long as the price stays above $0.0910.
Risk Management: Secure partial profits at TP1 and adjust the stop loss to breakeven once the price reaches this level to mitigate risks.