📊 Summary of $TUT analysis (1h)
- The current trend is bearish due to the negative trend and the price is falling sharply after touching the recent high around 0.06844.
- The short setting is clear when the price shows signs of distribution in supply areas near 0.03134 and may continue to fall deeper.
- The recommended entry area is around 0.02945 to 0.03134 after waiting for the manipulation to go up and then reverse.
- Wait for confirmation from the reduced pin bar or engulfing model with a reversal signal on the lower frame before entering the order.
- The profit target is respectively at 0.02411 then 0.01697 and finally 0.01407 if the decline continues strongly.
- Set a stop order at the nearest important swing high if the price breaks 0.03406 to reverse the bias.
#bitcoin #SPCX
- The current trend is bearish due to the negative trend and the price is falling sharply after touching the recent high around 0.06844.
- The short setting is clear when the price shows signs of distribution in supply areas near 0.03134 and may continue to fall deeper.
- The recommended entry area is around 0.02945 to 0.03134 after waiting for the manipulation to go up and then reverse.
- Wait for confirmation from the reduced pin bar or engulfing model with a reversal signal on the lower frame before entering the order.
- The profit target is respectively at 0.02411 then 0.01697 and finally 0.01407 if the decline continues strongly.
- Set a stop order at the nearest important swing high if the price breaks 0.03406 to reverse the bias.
#bitcoin #SPCX