$TUT Elliott Wave Structure Points to Another Upside Leg
LONG $TUT
Trade Setup:
Entry Range: 0.0460 – 0.0490
SL: 0.0340
TP1: 0.0486
TP2: 0.0520
TP3: 0.0600
$TUT is holding a clear bullish trend line after completing the previous wave structure. The chart shows a strong recovery from the 0.0284 area, followed by a powerful Wave 5 push toward 0.0606.
Price is now consolidating around 0.0486 while respecting the rising structure. If buyers maintain this zone, the next expansion could target 0.0520, with a larger move toward 0.0600 possible.
The key support sits near 0.0340, while a break below 0.0280 would invalidate the bullish structure.
LONG $TUT
Trade Setup:
Entry Range: 0.0460 – 0.0490
SL: 0.0340
TP1: 0.0486
TP2: 0.0520
TP3: 0.0600
$TUT is holding a clear bullish trend line after completing the previous wave structure. The chart shows a strong recovery from the 0.0284 area, followed by a powerful Wave 5 push toward 0.0606.
Price is now consolidating around 0.0486 while respecting the rising structure. If buyers maintain this zone, the next expansion could target 0.0520, with a larger move toward 0.0600 possible.
The key support sits near 0.0340, while a break below 0.0280 would invalidate the bullish structure.