⚠️ $TUT Rejection Signals Another Downside Move
$TUT made a massive vertical pump and then suffered a sharp rejection from the $0.060 area. Price is now struggling around $0.046, with the rebound failing to reclaim $0.04730 resistance. 📉
Short Entry: $0.04600 – $0.04730
Stop Loss: $0.05502
Target 1: $0.04300
Target 2: $0.03850
Target 3: $0.03038
🔻 The setup stays bearish while $0.04730 acts as resistance. If sellers break the recent consolidation low, momentum could accelerate toward the lower targets. A move above $0.05502 invalidates the setup.
#SECReviewsSix3xLeveragedCommodityETFs #SECReviewsSix3xLeveragedCommodityETFs #SECCancelsCryptoRulemakingMeeting #CardanoSplitsDijkstraUpgradeIntoTwoPhases
$TUT made a massive vertical pump and then suffered a sharp rejection from the $0.060 area. Price is now struggling around $0.046, with the rebound failing to reclaim $0.04730 resistance. 📉
Short Entry: $0.04600 – $0.04730
Stop Loss: $0.05502
Target 1: $0.04300
Target 2: $0.03850
Target 3: $0.03038
🔻 The setup stays bearish while $0.04730 acts as resistance. If sellers break the recent consolidation low, momentum could accelerate toward the lower targets. A move above $0.05502 invalidates the setup.
#SECReviewsSix3xLeveragedCommodityETFs #SECReviewsSix3xLeveragedCommodityETFs #SECCancelsCryptoRulemakingMeeting #CardanoSplitsDijkstraUpgradeIntoTwoPhases