UTK - partial buyPartial buy on the break of multiple resistance zones.
Historical Volatility showing signs of a new expansion phase.
Stop loss 0.158
UTKUSDT trade ideas
Utrust vs USD - bearish engulfing candle3-day chart above prints a bearish engulfing candle right at the same price point as previous high. This candle comes at a time when RSI supporting trend line breaks down.
Can price action go higher? Sure... that is possible, however, it is more probable to go lower; especially as Stochastic RSI crosses below 20.
1st target $0.40
2nd target $0.25
