Alright team, another look at $UTK .
This one's been bleeding out for a bit now.
We're seeing a clear downtrend on the 1-hour here, making lower lows and lower highs.
Volume isn't anything to write home about on these bounces either, which tells me the buyers aren't stepping in with conviction yet.
Looks like 0.02944 held up as some short-term support, but we're back testing that 0.03 psychological level.
If we break below 0.02944 on any real volume, look out below.
Might see a bit of a relief bounce if it holds, but the overall trend is still bearish.
Waiting for more confirmation before making any moves here. Stay safe out there.