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.