Bulish Beest
--
Bearish
$UTK /USDT - SHORT TRADE SIGNAL
TECHNICAL ANALYSIS
The UTK/USDT chart shows a clear rejection at the 24-hour high of 0.03365. The price is currently at 0.03284, having dropped sharply from this peak. This indicates that the bullish momentum has faded and a potential reversal is underway, driven by selling pressure.
TRADE SETUP
* Entry: Short entry at the current price of 0.03284.
* TP1 (Target Profit 1): 0.03220
* TP2 (Target Profit 2): 0.03192 (24h Low)
* SL (Stop Loss): 0.03365 (24h High)
MARKET OUTLOOK
The market for UTK appears to be under bearish pressure after failing to sustain the recent high. A short-term decline is expected as sellers take control. The overall market sentiment for UTK seems to be shifting from bullish to cautious, with a high probability of a retracement to support levels.
#UTK #UTKUSDT #Crypto #Trading #TechnicalAnalysis $UTK
TECHNICAL ANALYSIS
The UTK/USDT chart shows a clear rejection at the 24-hour high of 0.03365. The price is currently at 0.03284, having dropped sharply from this peak. This indicates that the bullish momentum has faded and a potential reversal is underway, driven by selling pressure.
TRADE SETUP
* Entry: Short entry at the current price of 0.03284.
* TP1 (Target Profit 1): 0.03220
* TP2 (Target Profit 2): 0.03192 (24h Low)
* SL (Stop Loss): 0.03365 (24h High)
MARKET OUTLOOK
The market for UTK appears to be under bearish pressure after failing to sustain the recent high. A short-term decline is expected as sellers take control. The overall market sentiment for UTK seems to be shifting from bullish to cautious, with a high probability of a retracement to support levels.
#UTK #UTKUSDT #Crypto #Trading #TechnicalAnalysis $UTK
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