$UTK /USDT Heavy Dump – Weak Recovery Attempt
UTK
0.00626
-0.31%
has faced a sharp sell-off (-26%), breaking structure and trading below all key EMAs, confirming strong bearish dominance. The current small bounce near 0.00730 looks like a weak relief move rather than a reversal, with major resistance sitting around 0.00780–0.00800. Unless price reclaims that zone, downside pressure is likely to continue.
Trade Setup:
Sell below 0.00720 (continuation) → Target: 0.00680 / 0.00650 → SL: 0.00750
OR Buy above 0.00800 (reversal confirmation) → Target: 0.00850 / 0.00920 → SL: 0.00740