$UFT /USDT Price Action: Momentum Building Toward Key Levels

Current Price: $0.3381 (+4.67%)

Bullish Targets for Long Trades

Target 1: $0.3450 (Immediate resistance at 24H high)

Target 2: $0.3600 (Breakout continuation level)

Target 3: $0.3800 (Extended bullish target)

Long Trade Signal:

Entry Point: Above $0.3400 for bullish confirmation.

Stop-Loss: $0.3300 to manage downside risk.

Strategy: Monitor volume; a breakout above $0.3450 could lead to further momentum toward higher targets.

Bearish Targets for Short Trades

Target 1: $0.3300 (Immediate support)

Target 2: $0.3200 (Deeper retracement level)

Target 3: $0.3100 (Critical support zone)

Short Trade Signal:

Entry Point: Below $0.3350 for bearish confirmation.

Stop-Loss: $0.3450 to minimize risk.

Strategy: Watch for rejection at resistance levels near $0.3450 and declining momentum for short opportunities.

Market Insight:

$UFT /USDT has broken out strongly, testing the $0.3400 resistance level. A sustained breakout above this level may lead to significant bullish continuation, while failure could result in a pullback to support levels.

Pro Tip: Use trailing stops for long positions to lock in profits while allowing for potential trend continuation.

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