$UTK – Trade Setup 🤔
$UTK is showing strong gains with a +22.97% move, trading at $0.1254 after a pullback from the high of $0.1785.
Key Trade Outlook:
Long Signal: Watch for a wick or bounce above $0.1122 for a bullish reversal.
Short Signal: If no wick forms and downward momentum persists, a short position toward support near $0.1122 or lower could be considered.
Levels to Monitor:
Resistance: $0.1478 / $0.1785
Support: $0.1122
Stay cautious and manage risk with appropriate stop-loss placements.