Parabolic rallies almost always leave massive liquidity gaps behind.
$TUT saw an explosive vertical surge up to $0.3056, but decreasing volume on subsequent candles indicates buying momentum is tiring near overhead resistance. With price holding far above the 25-period moving average ($0.080), a healthy retracement to collect liquidity is highly probable before another major leg up.
Asset: $TUT Bias: SHORT
Entry Zone: $0.200 - $0.215 Stop-Loss: $0.235 TP1: $0.170 TP2: $0.135 TP3: $0.095
Risk management is key when fading strong momentum assets.
Do you expect a deep pullback or a quick consolidation before a breakout?
$TUT
$TUT saw an explosive vertical surge up to $0.3056, but decreasing volume on subsequent candles indicates buying momentum is tiring near overhead resistance. With price holding far above the 25-period moving average ($0.080), a healthy retracement to collect liquidity is highly probable before another major leg up.
Asset: $TUT Bias: SHORT
Entry Zone: $0.200 - $0.215 Stop-Loss: $0.235 TP1: $0.170 TP2: $0.135 TP3: $0.095
Risk management is key when fading strong momentum assets.
Do you expect a deep pullback or a quick consolidation before a breakout?
$TUT