๐ฅ **$UTK /USDT: Bullish Surge in Play!**
๐ **Market Sentiment**: UTK/USDT is riding a strong +29.54% daily gain, with price at $0.03767 after hitting a 24h high of $0.04030.
$UTK Volume spiked to 374.26M UTK ($13.22M), signaling solid buying interest. The 7-day gain of 20.94% and rising MA(7) at $0.03741 support the bullish momentum, though RSI nearing 70 hints at potential overbought conditions.
๐ **Key Levels**:
- **Support Zone**: $0.0345 - $0.0365
- **Breakout Trigger**: $0.0403
- **Major Resistance**: $0.0430
๐ก **$UTK Trade Setup**: Enter long on a pullback to $0.0370-$0.0375, targeting a break above $0.0403. Confirm with green candle close and rising volume.
๐ฏ **Upside Targets**:
1. $0.0403 (breakout)
2. $0.0430 (resistance)
3. $0.0450 (extended target)
๐ก **Stop Loss**: $0.0360
โ ๏ธ **Risk Management**: Risk no more than 1-2% of your capital per trade.
Watch for RSI divergence or volume drop as exit signals. Adjust stop loss to breakeven after a $0.001 move.
๐ **Bullish/Bearish Outlook**: Bullish if $0.0403 holds as support post-breakout.
Bearish below $0.0345, with a potential drop to $0.0320. Stay cautious near resistance.