a short and effective technical analysis for $UTK
/USDT based on the chart you shared:
š UTK/USDT Technical Analysis
Current Price: $0.02412
Signal: Bullish Breakout Attempt
Price has successfully reclaimed a key resistance zone (purple box), turning it into support. A strong bullish candle is forming just above it, signaling potential upward momentum.
š Trade Setup
Entry: $0.02410 ā $0.02420 (Current breakout level)
Stop Loss: $0.02365 (Below support zone)
Target šÆ:
Target 1: $0.02470 (as shown in chart)
Target 2: $0.02530 (next resistance)
Target 3: $0.02600 (if momentum holds)
ā Momentum: Bullish
If the price holds above the purple zone (previous resistance), continuation is likely. Watch for volume confirmation.