$UFT Bullish Reversal – Ready for a Breakout?
Market Trend
UFT is showing signs of reversal after holding above key support at $0.0900. The price is attempting to reclaim $0.0950, which could trigger further upside momentum. If bulls maintain control, UFT may push towards $0.1000+.
Trade Setup
📈 Long Setup:
Entry 1: $0.0910
Entry 2: $0.0930
Take Profit 1: $0.0950
Take Profit 2: $0.0980
Take Profit 3: $0.1000
Stop Loss: $0.0880
Why This Trade?
✅ Strong Support Hold: UFT is holding $0.0900, preventing further downside.
✅ Breakout Potential: A move above $0.0950 could confirm bullish strength.
✅ Volume Increasing: Higher buying activity suggests accumulation before a push upward.
✅ RSI Neutral: Room for more upside before overbought conditions.
Support & Resistance Levels
Support: $0.0900, $0.0880
Resistance: $0.0950, $0.1000
Market Update for $UFT
UFT is stabilizing near $0.0912 after a recent pullback. A move above $0.0950 could trigger bullish momentum, leading to a breakout towards $0.1000+. Watch for a strong volume surge to confirm the trend!
Key Tip: Watch $0.0950—if it flips into support, we could see a strong rally!