$UTK /USDT: Explosive Rally – Is This the Start of a Bull Run?

$UTK /USDT has surged by an impressive 13.13%, currently trading at $0.09782, breaking past critical levels with high trading volumes. This sudden spike took the price to a high of $0.09800, signaling strong bullish momentum. If the rally sustains, $UTK could target $0.10 and potentially $0.1050 as the next resistance levels. However, with such sharp movements, a pullback to the $0.093 level could occur, offering a re-entry opportunity.

Trade Setup:

Entry Point: $0.09782

Targets:

Target 1: $0.1050

Target 2: $0.1150

Stop-loss: $0.0920

The breakout above $0.0935 confirms buyer dominance, but traders must exercise caution given the rapid rise. Watch for a breakout above $0.0980 for further bullish confirmation, while managing risks with a tight stop-loss due to possible retracements. Stay alert for market updates.