$UTK /USDT – SHORT TRADE SIGNAL AS SUPPORT BREAK LOOMS
FAILURE TO HOLD $0.03030 ZONE
BEARISH STRUCTURE WITH LOWER HIGHS
$UTK has rejected from the $0.0325 resistance and broken key local support at $0.03030, flipping it into resistance. Price action now compresses toward the previous low of $0.02944. Weak bullish response and back-to-back rejections suggest further downside potential.
Trade Setup:
Short Entry: $0.03000 – $0.02970
Target 1: $0.02900
Target 2: $0.02820
Stop Loss: $0.03090
Market Outlook:
Trend structure remains bearish below $0.0309. Sustained weakness could lead to a retest of July lows.
