Analysis for $UXLINK (Futures)

- A strong pullback is observed after a sharp rise, reaching a level close to the Fibonacci retracement 0.79 at 1.8179.

Possible scenarios:

- Bullish bounce (support at 1.8179): The price has approached the Fibonacci retracement level 0.79, which often acts as an important support. If this support holds, we could see a bounce towards higher levels. The next bullish targets would be 2.0405 (retracement 0.706) and 2.2738 (retracement 0.618). If the bounce is strong and volume supports it, the price could attempt to reach the level of 2.5865 (retracement 0.5) or even the highest level at 2.8992.

- Bearish breakout (loss of support at 1.8179): If the price fails to hold the support, the next key support level would be 1.6302 and 1.5984. If these levels also do not hold, we could see a deeper correction towards the level of 1.2614.

- The MACD is in negative territory and shows a bearish trend, indicating that selling pressure is still present. Unless the MACD lines show a bullish divergence or a positive crossover, the risk of a downward continuation is higher.