UFTAnalysis

🚨$UFT UFT/USDT Analysis: Downtrend Dominates as Selling Pressure Intensifies! 🚨


Current Price: $0.3636 (-11.75%)
UFT has experienced a sharp decline from its 24-hour high of $0.4147, dipping to a low of $0.3579. The trend shows continued bearish momentum with lower highs forming on the chart.

🔍 Critical Levels to Watch:

Resistance: $0.3800 – Breaking above this level could signal a potential reversal toward $0.4000.

Support: $0.3550 – A break below this level might lead to further downside, targeting $0.3400.

📉 Bearish Sentiment Reigns:

The decreasing trading volume alongside the steep decline suggests weak buyer interest. However, a stabilization above $0.3550 might encourage accumulation.

💡 Trade Setup:

Upside Potential: Recovery above $0.3800 may target $0.4000 and $0.4150.

Downside Risk: A drop below $0.3550 could trigger selling pressure toward $0.3400 or lower.

Risk Management: Monitor support levels closely for confirmation before taking positions.

Caution: The market is highly volatile. Keep stop losses tight and follow risk management strategies.

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