Technical Analysis for $UTK

/USDT:

Current Price: $0.1045 (+15.41%)

Trend: Bullish momentum is currently observed with price surging from the 24h low ($0.08611) towards the 24h high ($0.1045). A 15.41% increase suggests strong upward movement.

Resistance Levels:

Immediate resistance: $0.1054 (current order book depth)

Strong resistance: $0.1100

Major resistance: $0.1150

Support Levels:

Immediate support: $0.0988

Strong support: $0.0900

Key support: $0.0865

Volume: High trading volume suggests a strong interest in the pair, confirming the current momentum.

Trade Signal:

Buy Signal: Buy around $0.1045 if the price holds above this level, confirming the continuation of bullish momentum.

Target Levels:

1. Target 1: $0.1100 (next resistance level)

2. Target 2: $0.1135 (if momentum remains strong)

3. Target 3: $0.1150 (key resistance)

Stop Loss: Set a stop at $0.0980 to limit potential downside risk if the momentum reverses.

This strategy assumes a continuation of the current upward trend. Monitor for signs of resistance at $0.1054, which could be pivotal in the short-term price movement.

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