$UTK /USDT Long Trade Setup
Market Overview: UTK/USDT has shown a strong breakout above $0.1000 with increased buying volume, indicating bullish momentum.
Entry Point: $0.1010 (on confirmation of breakout strength).
Take Profit (TP):
1. TP1: $0.1035
2. TP2: $0.1055
Stop Loss (SL): $0.0980 (below recent support level to minimize risk).
Trade Rationale: A breakout above $0.1000, a key psychological level, signals continuation of upward movement. Rising volume supports a potential rally.
Risk Management: Risk no more than 2% of your trading capital. Position size should align with SL distance.
Execution Plan: Monitor the breakout for sustained momentum above $0.1010. Trail SL to breakeven after hitting TP1 and lock profits if momentum slows near $0.1035. Avoid trading if price falls below $0.0980.