TUT is setting up for a short with a 64% confidence level, offering a 1:1.7 risk/reward ratio. Current market conditions are ripe for a potential downturn.
🔴 $TUT SHORT 📉
Entry $0.032527-$0.032593 | SL $0.033537 (-3.0%) | TP1 $0.032072 (+1.5%) | TP2 $0.030932 (+5.0%) | R/R 1:1.7 | Conf 64%
The CHoCH signal indicates a break in market structure, while CVD confirms the direction with volume. FVG and OB are also aligned, with a notable overlap that suggests a strong confluence point, further supported by a liquidity sweep and POI confluence.
A 3.0% stop loss seems relatively tight, suggesting the use of lower leverage to manage risk effectively.
Considering taking partial profit at TP1 to lock in some gains, given the risk/reward profile and market volatility.
As always: manage your risk, this is not financial advice 🙏
$TUT #TUTUSDT #1000CAT #TradingSignals #Write2Earn
🔴 $TUT SHORT 📉
Entry $0.032527-$0.032593 | SL $0.033537 (-3.0%) | TP1 $0.032072 (+1.5%) | TP2 $0.030932 (+5.0%) | R/R 1:1.7 | Conf 64%
The CHoCH signal indicates a break in market structure, while CVD confirms the direction with volume. FVG and OB are also aligned, with a notable overlap that suggests a strong confluence point, further supported by a liquidity sweep and POI confluence.
A 3.0% stop loss seems relatively tight, suggesting the use of lower leverage to manage risk effectively.
Considering taking partial profit at TP1 to lock in some gains, given the risk/reward profile and market volatility.
As always: manage your risk, this is not financial advice 🙏
$TUT #TUTUSDT #1000CAT #TradingSignals #Write2Earn