đ„đ„Trade Analysis 61: UXLINK going for New ATH!!
UXLINK has been making waves in the market, surging from a low of $0.28 to a recent high of $0.74, upon listing at Binance Futures. This impressive rally, punctuated by a brief pullback, indicates strong underlying bullish sentiment.
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Key Points to Watch:
I. Resistance Breakouts: UXLINK's recent break above the $0.68 and $0.71 resistance levels is a significant bullish signal. It suggests that buyers are in control and are driving the price higher.
II. Next Targets: The immediate resistance levels to watch are $0.74. If UXLINK can break through these levels, it could signal further upside potential and a potential new All-Time High (ATH).
III. Potential Pullback Opportunity: A short-term pullback after the $0.74 breakout could offer a buying opportunity for those who missed the initial rally. However, it's crucial to monitor volume and other RSI to ensure the pullback is healthy and not a sign of a reversal.
IV. Support Level: If UXLINK fails to break through $0.74, it could find support around the $0.55 area. This level has acted as previous support, and buyers may step in to defend it if the price falls.
That's it for today UXLINK Trade Analysis. I hope this analysis help you make smarter trade decision.
Trade Smarter! Peace Out ;)
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