Recently, with the continuous favorable policies in Hong Kong, the attention of funds to Hong Kong-related sectors has significantly increased. The rise of the coins CFX, ONE, and CKB that I previously shared with everyone should be visible, and their performance has been quite good.
This time, I chose to ambush $UTK for several reasons: first, its market capitalization is relatively low, which gives it the conditions to develop an independent market; second, from a technical perspective, the daily chart has shown clear signs of upward movement, and the MACD has just formed a golden cross upward, indicating a new starting signal; third, there is a certain amount of funds in both on-chain and market support, which provides stronger confidence for short-term traders.
If the price can successfully break through the key position of 0.04 later, it is highly likely to continue the upward momentum and challenge the previous high resistance level of 0.05. Friends who have not entered the market should not be in a hurry; it is recommended to wait for a pullback adjustment before gradually positioning, as this will better align the overall risk-reward ratio.
