$TUT | RISKY!
TUT has rebounded aggressively from its recent base and is now approaching a key supply zone where heavy selling pressure previously entered the market. While momentum is currently bullish, chasing a short before price reaches resistance reduces the probability of success. Waiting for a retest of the highlighted resistance area provides a much stronger risk-to-reward setup. If sellers defend this zone and rejection is confirmed, the market could see another corrective move toward lower support levels.
Wait for the limit order to fill. Don't chase the move. Secure partial profits at each TP and shift your stop loss to breakeven after TP1. Continue trailing the stop loss after each target to protect profits. DYOR! this is only my market view, not financial advice.
LIMIT ORDER SHORT
Entry: $0.0415–0.0435
Take Profit Target:
TP1: $0.0345
TP2: $0.0285
TP3: $0.0215
TP4: $0.0150
Stop Loss: $0.0465
Trade From Here (DYOR) 👇
TUT has rebounded aggressively from its recent base and is now approaching a key supply zone where heavy selling pressure previously entered the market. While momentum is currently bullish, chasing a short before price reaches resistance reduces the probability of success. Waiting for a retest of the highlighted resistance area provides a much stronger risk-to-reward setup. If sellers defend this zone and rejection is confirmed, the market could see another corrective move toward lower support levels.
Wait for the limit order to fill. Don't chase the move. Secure partial profits at each TP and shift your stop loss to breakeven after TP1. Continue trailing the stop loss after each target to protect profits. DYOR! this is only my market view, not financial advice.
LIMIT ORDER SHORT
Entry: $0.0415–0.0435
Take Profit Target:
TP1: $0.0345
TP2: $0.0285
TP3: $0.0215
TP4: $0.0150
Stop Loss: $0.0465
Trade From Here (DYOR) 👇