$TUT looks better as a long setup here, but I would still avoid chasing the candle directly. Price is around 0.06557, with a strong 24h move of +51.40%, while it is still holding above MA7 0.04569, MA25 0.04859, and MA99 0.02074.
Bias: Long on pullback
Entry zone: 0.0615 to 0.0648
Stop: below 0.0575
TP1: 0.0718
TP2: 0.0803
TP3: 0.0900 to 0.1000 if volume comes back
The reason I like the long side is that TUT already cooled down after the extreme wick toward 0.30563, but buyers are still defending the recovery zone. As long as price holds above the short-term moving averages and does not lose 0.0575, the structure still favors another push higher. A clean move above 0.0718 would make the continuation setup much stronger.
Bias: Long on pullback
Entry zone: 0.0615 to 0.0648
Stop: below 0.0575
TP1: 0.0718
TP2: 0.0803
TP3: 0.0900 to 0.1000 if volume comes back
The reason I like the long side is that TUT already cooled down after the extreme wick toward 0.30563, but buyers are still defending the recovery zone. As long as price holds above the short-term moving averages and does not lose 0.0575, the structure still favors another push higher. A clean move above 0.0718 would make the continuation setup much stronger.
