🚨 cryptocurrency trading signal alert🚨

$UTK /USDT has shown recent upward momentum

Overview of Price Action

UTK has shown recent upward momentum with a sharp rise in price, as indicated by the long green candlestick. This was followed by some consolidation with smaller red and green candlesticks.

Current Price

$0.04512

Entry Price for Trades

Traders might consider entering around the current price level or wait for a potential retracement towards support levels.

Critical Levels

Resistance: The immediate resistance is near $0.04653, slightly above the highest point reached during the recent surge.

Support: A critical support level lies around $0.04326, where previous consolidation occurred before the upward movement.

Take-Profit Targets

$0.04600 (near recent high)

$0.04700 (assuming continued momentum)

$0.04800 (extended target based on volatility)

Stop Loss Level

Below support at $0.04300 to protect against a reversal of trend.

Cautionary Note

Traders should watch for stability in consolidation and be cautious of any breakout signals that could indicate either continuation or reversal of current trends.

The Relative Strength Index (RSI) is approximately 35, suggesting recent selling pressure after reaching overbought conditions during the peak.

Feel free to ask if you need more details or have any other questions!