🚀 $UTK - Strong Uptrend
The pair is trading at $0.03108, steadily up by +2.24%, approaching its highest price in 24 hours at $0.03137. After bouncing from its lowest price in 24 hours at $0.02848, the price has formed a clear uptrend with higher highs and strong green candles, indicating increasing bullish momentum.
🔑 Support and Resistance Levels:
Immediate Support: $0.0300
Major Support: $0.0290
Major Resistance: $0.0315
📈 Entry Strategy:
The optimal entry level lies between $0.0300 and $0.0305, where consolidation areas are forming. A confirmed breakout above $0.0315 may pave the way for a stronger rise.
🎯 Targets:
Profit Target 1: $0.0315
Profit Target 2: $0.0325
Profit Target 3: $0.0340
⛔ Stop Loss: $0.0290 (to manage risk in case of a reversal)
💡 Professional Tip: Breakouts near their daily highs often attract momentum traders. If the price $UTK maintains above $0.0310, watch for a quick rise towards $0.0325 or higher.