$UTK This rebound is pretty fierce—within 24 hours the amplitude hit 163%, basically bouncing off the floor. But don’t get carried away yet—the current price is 0.00795, up 16%, and the RSI is only 51, which means it hasn’t reached an overheated zone. Still, the trend remains bearish, and volume is also contracting. In this kind of shrink-volume rally, it’s very likely just short-covering or short-term capital playing around—not a reversal signal.
For trading: if you’re thinking of chasing, weigh it carefully. With such a big move, if volume can’t keep up, the pullback could be even faster than the rise. Conservative traders should wait for a retracement near 0.007, or wait for a breakout above the prior high with volume confirmation. Don’t follow blindly—keep your hands under control.
What do you think? Let’s discuss in the comments.
$UTK #币圈行情 #altcoin
For trading: if you’re thinking of chasing, weigh it carefully. With such a big move, if volume can’t keep up, the pullback could be even faster than the rise. Conservative traders should wait for a retracement near 0.007, or wait for a breakout above the prior high with volume confirmation. Don’t follow blindly—keep your hands under control.
What do you think? Let’s discuss in the comments.
$UTK #币圈行情 #altcoin