#BinanceAlphaAlert
/USDT Technical Analysis – Volatility & Consolidation in Play
After a sharp rise to $0.03093, $UTK has cooled down and is now stabilizing around $0.03133. The market is currently consolidating within a narrow range:
Support: $0.0294
Resistance: $0.032
Fibonacci retracement levels to watch
🔹 0.236 Fib: $0.0295 → Major support and potential bounce area
🔹 0.382 Fib: $0.0285 → Buying opportunity on a deeper dip
🔹 0.618 Fib: $0.0270 → Critical support, the last stronghold for bulls
RSI Status
Current RSI: 47 → Neutral zone
Break above 50 = Shift towards bullish momentum
Drop below 40 = Potential bearish control
Entry Areas
Safer Entry: $0.0295 – $0.0300 (aligning with 0.236 Fib & strong support)
Aggressive Entry: $0.0285 – $0.0290 (close to 0.382 Fib & recent lower point)
Take Profit Targets
TP1: $0.032 (first resistance area)
TP2: $0.035 (upper range target)
Stop Loss Strategies
Conservative Stop Loss: $0.0270 (below 0.618 Fib)
Tight Stop Loss: $0.0280 (below 0.382 Fib)
Outlook
If bulls succeed in defending the $0.0295 area, a bounce towards $0.032–$0.035 is likely. However, a break below $0.0285 could indicate a deeper correction ahead.