$UTK /USDT — Trade Setup (Long bias)
Price is pressing back above a key pivot near 0.00800, after a base + sharp impulse. This looks like a breakout from consolidation with momentum reclaiming the mid-range.
Direction: Long
Entry Zone: 0.00792 – 0.00784 (ideal on a pullback/retest of the breakout zone)
Targets:
TP1: 0.00810 (recent supply / first reaction area)
TP2: 0.00828 (next resistance pocket)
TP3: 0.00850 (extension if momentum holds)
Stop Loss: 0.00772 (below the recent swing low / invalidation)
Analysis:
UTK sold off, then built a sideways base around 0.00780–0.00788. The current push back into 0.00800 suggests a reclaim of resistance, which often flips into support. Best execution is buying the retest, not chasing the green candle. If price holds above ~0.0079 on pullback, continuation is favored; if it loses 0.00780, the breakout thesis weakens.
Pro tip: If you enter, scale partial at TP1 and move SL to breakeven—small caps love fakeouts around round numbers like 0.0080.