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COIN NAME: $UTK
Why am I bullish on #UTK? Here are three compelling reasons:
1๏ธโฃ Head & Shoulders Pattern: Observing a Head & Shoulders pattern in the 4-hour timeframe, with a breakout of the resistance line. Anticipating a retest before a potential bullish movement, prompting a long position.
2๏ธโฃ BTC Dominance: Current bearish trend in BTC dominance suggests a favorable environment for altcoins, potentially leading to upward momentum in #UTK
3๏ธโฃ Total3 Bullish Indicator: Total3 (total market capitalization excluding Bitcoin) showing a bullish trend, indicating increased inflow of capital into altcoins.
Trade Details:
- Entry Price: $0.094
- 1st Take Profit: $0.105
- 2nd Take Profit: $0.108
- 3rd Take Profit: $0.116
- 4th Take Profit: $0.118
- Stop Loss: $0.091
- Leverage: 10x
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