$UFT
/USDT Technical Analysis & Trade Signal💯🔥
Current Price: $0.3410 (+5.25%)
Key Technical Indicators:
RSI (Relative Strength Index): In a neutral to slightly bullish zone, indicating upward momentum potential.
MACD: Positive cross, suggesting bullish short-term trend.
Support: $0.3162 (24h low)
Resistance: $0.3412 (24h high)
Trend: Bullish continuation confirmed by the recent price increase.
Trade Momentum:
The price shows upward momentum as it breaks above $0.3410 with increasing volume, indicating strong buying interest. Momentum is driven by a positive trend in DeFi interest.
Trade Signal:
Buy Signal: Entry at or near $0.3410 (current market price)
Target Levels:
1. Target 1 (T1): $0.3480 (Initial Resistance Zone) – Take profit at 2% rise.
2. Target 2 (T2): $0.3550 (Upper Resistance Zone) – Continue to ride the bullish trend.
3. Target 3 (T3): $0.3650 (Extended Resistance) – Potential to break for further upside.
Stop-Loss: Set stop-loss at $0.3162 (24h low) to protect against downside risk.
Overall, UFT/USDT shows a positive short-term outlook with the potential for more upside. Maintain the trade momentum while managing risk carefully.