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UFT /USDT – Sharp Reversal or Just a Dead Cat Bounce?
Current Price: $0.1825 (+4.76%)
Key Levels:
Support: $0.1740 – Strong buying zone
Resistance: $0.1930 – Major breakout level
Long Setup (Bullish Trade):
Entry: $0.1800 - $0.1820 (Buy on retest of support)
Take Profit Targets:
TP1: $0.1880
TP2: $0.1930
TP3: $0.2000
Stop Loss: Below $0.1740
Short Setup (Bearish Trade):
Entry: $0.1880 - $0.1930 (If rejection at resistance)
Take Profit Targets:
TP1: $0.1800
TP2: $0.1740
TP3: $0.1680
Stop Loss: Above $0.1950
Market Insight: UFT has seen a massive green candle after a sharp downtrend, signaling a possible reversal. However, confirmation above $0.1880 is needed for sustained bullish momentum.
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