$UTK /USDT: Exciting Momentum Shift – Get Ready for Big Moves
The $UTK/USDT pair has experienced a strong recovery,
climbing to $0.09612 with a notable 13.44% increase in the past 24 hours.
On the 5-minute chart, the price has broken out from consolidation near $0.09182, fueled by robust bullish activity.
The next key resistance level to watch is $0.09764. If this level is surpassed, $UTK could rally toward $0.11000, its 24-hour high. However, traders should remain cautious, as volatility remains a significant factor. A dip below $0.09366 might signal a retracement toward $0.09182 or even lower.
Trading Strategy
Long Position:
Entry: $0.09602
Targets: $0.09764 and $0.11000
Stop-Loss: $0.09366
Short Position:
Entry: Below $0.09366
Targets: $0.09182 and $0.08900
Stop-Loss: $0.09764
With increasing trading volumes and significant market fluctuations, $UTK/USDT is set for dynamic moves. Employing strict risk management is crucial in navigating this high-volatility environment.