📈🚀 TUT/USDT, $0.1972 (+90.14%)
SETUP TYPE: Pullback/Continuation. After a monstrous 90% pump to a high of $0.3056, TUT has shown a healthy 35%+ correction. This isn't just a dead cat bounce, the volume at $266M suggests serious interest, not just a small-cap manipulation. My thesis is we're looking for a retest of previous resistance now acting as support for a continuation move. Don't chase pumps, kids. Wait for the confirmation.
ENTRY ZONE: $0.1780 - $0.1850. This zone is critical. During the initial pump from the $0.0913 low, TUT likely smashed through resistance around this region. A retest here, turning that old resistance into new, solid support, is where smart money often steps in. It's also a roughly 40-42% Fibonacci retracement from the $0.3056 peak, which is a classic area for strong assets to find footing before the next leg up.
STOP LOSS: $0.1690. This stop is deliberately placed just below that key $0.1780 - $0.1850 support zone. If TUT breaks and holds below $0.1690, our S/R flip thesis is toast. It tells us buyers aren't defending the level, and a deeper correction is on the cards. Losing $5,400 taught me to respect my stop loss.
TARGETS:
Target 1: $0.2350. This is a conservative target, aligning with the 50% retracement of the recent corrective move from the high. It's a natural liquidity pocket where many early buyers might take profits, so expect some resistance there.
Target 2: $0.2800. This more extended target pushes towards retesting the recent daily high of $0.3056. If TUT shows sustained buying pressure after T1, this is the next logical magnet for price, representing strong continuation toward previous peak levels.
RISK/REWARD: Based on an average entry of $0.1815 and a stop at $0.1690, we're risking $0.0125 per share. To Target 1...
SETUP TYPE: Pullback/Continuation. After a monstrous 90% pump to a high of $0.3056, TUT has shown a healthy 35%+ correction. This isn't just a dead cat bounce, the volume at $266M suggests serious interest, not just a small-cap manipulation. My thesis is we're looking for a retest of previous resistance now acting as support for a continuation move. Don't chase pumps, kids. Wait for the confirmation.
ENTRY ZONE: $0.1780 - $0.1850. This zone is critical. During the initial pump from the $0.0913 low, TUT likely smashed through resistance around this region. A retest here, turning that old resistance into new, solid support, is where smart money often steps in. It's also a roughly 40-42% Fibonacci retracement from the $0.3056 peak, which is a classic area for strong assets to find footing before the next leg up.
STOP LOSS: $0.1690. This stop is deliberately placed just below that key $0.1780 - $0.1850 support zone. If TUT breaks and holds below $0.1690, our S/R flip thesis is toast. It tells us buyers aren't defending the level, and a deeper correction is on the cards. Losing $5,400 taught me to respect my stop loss.
TARGETS:
Target 1: $0.2350. This is a conservative target, aligning with the 50% retracement of the recent corrective move from the high. It's a natural liquidity pocket where many early buyers might take profits, so expect some resistance there.
Target 2: $0.2800. This more extended target pushes towards retesting the recent daily high of $0.3056. If TUT shows sustained buying pressure after T1, this is the next logical magnet for price, representing strong continuation toward previous peak levels.
RISK/REWARD: Based on an average entry of $0.1815 and a stop at $0.1690, we're risking $0.0125 per share. To Target 1...