$UFT /USDT – Bearish Momentum in Progress!
Momentum Analysis: UFT is experiencing a significant decline, down by -28.81% in the last 24 hours. The price has dropped to $0.1134, with a 24h high of $0.1622 and a 24h low of $0.1111. This indicates strong volatility, with potential for further retracement or consolidation around the lower end of its range.
Long Setup:
Entry Zone: $0.1130 (currently at $0.1134)
Target Levels:
T1: $0.1163
T2: $0.1230
T3: $0.1297
Stop Loss: $0.1111 (below recent support)
Breakout Confirmation Level & Key Support:
Key Support: $0.1111
Breakout Confirmation Level: $0.1364 (previous minor resistance zone)
Pro Tip for Traders:
Watch for signs of a potential bounce around $0.1111. If price fails to hold here, consider re-evaluating your position and using caution until a clearer reversal signal emerges. Always have your stop loss in place in case the downtrend resumes.
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