$UTK USDT — Updated Trade Setup (Live Reaction)
Pro Tip: When price breaks down first, then weakly retests → it’s a trap for late buyers
What Just Happened
Price dropped from 0.0075 → 0.00629
Small recovery → now rejecting near 0.0069 This is a dead cat bounce / lower high formation
Trade Decision
SHORT (High Probability)
EP: 0.00680 – 0.00695
TP:
0.00640
0.00610
0.00580
SL: 0.00715
Entry = current zone (already near resistance)
LONG (Only if strong breakout)
EP: Above 0.00715 (clear breakout candle)
TP:
0.00770
0.00830
SL: 0.00670
Needs strong volume push
Key Levels
Resistance: 0.00695 – 0.00715
Support: 0.00640
Major Support: 0.00600
Market Insight
Structure: Lower highs forming
Volume: Spike on dump, weak on bounce.
Trend: Bearish continuation
Final Verdict
Bias: Short > Long
Market type: Relief bounce after dump
Strategy: Sell strength, not chase green
Important
This is not a strong coin right now
Better capital goes to: