#UXLINK MARKET ANALYSIS
Entry Point: Look for a solid confirmation above $1.65 to initiate long positions.
Alternative Entry: Consider entering near $1.60 if the price shows signs of reversal from the support level.
Target Levels:
-Primary Target: $1.85 – Immediate resistance zone where price may encounter selling pressure.
-Extended Target: $2.00 – Psychological level and key resistance to aim for if bullish momentum accelerates.
Stop Loss:
-Conservative Traders: Set stop loss at $1.55 to minimize potential risk.
-Aggressive Traders: Set stop loss at $1.50 for a wider risk buffer.
Market Context for #UXLINK :
-Liquidation Pressure: $15.416K liquidation at $1.63201, indicating possible volatility ahead.
-Volume Surge: Watch for an increase in trading volume to confirm the direction.
-Risk-Reward Ratio: Maintain a minimum of 1:2 ratio for better risk management and profitability.
Act swiftly and stay ready for price action!
