UTKUSDT trade ideas
✳️Utrust/USDT (24/11) #UTK $UTKUTK has completely conquered the 0.14$ zone and now this is a reliable support zone of UTK.
UTK only needs to conquer the 0.175$ zone to strongly increase to 0.2$ or even 0.26$
However, if the 0.14$ zone is broken, then the UTK will fall quite sharply, the 0.11$ zone and 0.08$ zone we could consider buying back.
📈BUY- LONG
-Buy: 0.135-0.14$, SL if B
-Buy more: 0.17-0.175$ if A
📉SELL-SHORT
-Sell: 0.2-0.21$, SL if A
-Sell: 0.26-0.27$, SL if A
♻️BACK-UP
-Sell: 0.135-0.14$ if B, SL if A
-Buy: 0.11-0.115$, SL if B
-Sell: 0.11-0.115$ if B, SL if A
-Buy: 0.08-0.085$, SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
UTKUSDT, Cup & Handle in the making?Hi Community!
I am new and just approaching TA and chart analysis, patterns, and this whole fascinating world.
Here is my take, if the Cup & Handle is confirmed and breakout at 0.1465:
TP1: 0.1608
TP2: 0.171
TP3: 0.18
Is it too early to say that a Cup & Handle pattern is forming? What other indicators do you use - if any - to confirm it?
Comments and feedback are most welcome. Happy trading!
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Needless to say, this is not financial advice!