Analysis of $UTK /USDT (4h Chart):
1. Current Price: $UTK /USDT is trading at $0.15618, showing a massive upward movement with an 85.11% gain in the last 24 hours. The 4-hour chart shows a clear bullish breakout with strong volume.
2. Support and Resistance:
Key Support: $0.10 (previous consolidation zone).
Immediate Resistance: $0.17853 (24h high), which is crucial for continuation.
3. Long Position:
Entry: Wait for a pullback near $0.135–$0.145 for a safer entry.
Stop Loss: Place the stop loss slightly below the support at $0.125.
Target 1: $0.175 (near the 24h high).
Target 2: $0.20 (psychological level and next resistance zone).
4. Short Position:
Consider shorting only if price rejects the $0.178–$0.18 resistance and forms a bearish candle.
Entry: Near $0.175.
Stop Loss: Above $0.185 to minimize risk.
Target: $0.145–$0.135 (support zone from earlier gains).
5. Conclusion: UTK is showing strong momentum, but chasing price now may carry risk. Long-term traders should look for a healthy pullback to enter long, while short-term traders can look for rejections near resistance. Use proper risk management to avoid losses due to volatility.#MicroStrategyJoinsNasdaq100 #BitcoinKeyZone #BTCReclaims101K #USUALSpotLaunch