đ TUTUSDT 4H Market Update
⢠Trend: Bearish
⢠SMA (20): 0.131837
⢠Support: 0.04885
⢠Resistance: 0.33733
⢠Current Price: 0.09843
đ Strategy:
Price is trading below the 20 SMA, confirming bearish momentum, but the current price sits in the discount zone, which historically favors long positions. The 4H range shows a wide spread, with the current price near the lower end, suggesting potential for a bounce. However, the bias remains bearish until a break above the 20 SMA, so we look for a long entry at 0.09843 with a stop loss at 0.101383 and a take profit at 0.094001, targeting a 1:1.5 risk-reward. This is a counter-trend play, so position sizing must be conservative. #Crypto #Binance #TUTUSDT
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â ď¸ Not financial advice - always DYOR.
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⢠Trend: Bearish
⢠SMA (20): 0.131837
⢠Support: 0.04885
⢠Resistance: 0.33733
⢠Current Price: 0.09843
đ Strategy:
Price is trading below the 20 SMA, confirming bearish momentum, but the current price sits in the discount zone, which historically favors long positions. The 4H range shows a wide spread, with the current price near the lower end, suggesting potential for a bounce. However, the bias remains bearish until a break above the 20 SMA, so we look for a long entry at 0.09843 with a stop loss at 0.101383 and a take profit at 0.094001, targeting a 1:1.5 risk-reward. This is a counter-trend play, so position sizing must be conservative. #Crypto #Binance #TUTUSDT
đ Don't forget to follow for more updates! & Your Future Eye
â ď¸ Not financial advice - always DYOR.
Click Here To Trade đ