$UTK /USDT-Upward momentum observed.
Rising from a morning open near $0.0328 to approximately $0.0365–$0.037 (a gain of 12–15%). Notable support level at $0.0323, and immediate resistance at $0.0406.
Fibonacci Levels:
Currently, price is retracing upward but hasn’t formally tested standard Fibonacci levels. However, $0.0406–$0.042 represents the near-term zone of interest, aligning with typical Fibonacci 61.8%–78.6% retracement between recent lows ($0.040).
RSI:
The 14-day RSI stands at 71.3, signaling overbought territory and potential for a pullback or consolidation.
Entry Zones:
Safer Entry: Around $0.0323–$0.0330, close to established support.
Aggressive Entry: On a decisive breakout above $0.0406, ideally with trading volume backing the move.
Take-Profit Zones:
TP1: ~$0.0406 — first resistance breakout zone.
TP2: ~$0.0543 — higher resistance level if momentum continues.
Stop-Loss Ideas:
Conservative: Just below support, e.g., $0.0315.
Tight: Slightly under $0.0323, around $0.0320, for more aggressive management