I almost fell into the trap of chasing $TUT 's bullish momentum, but the 1H chart is whispering a different story.
$TUT - SHORT🔴
Entry: 0.07585
SL: 0.1321
TP1: 0.04773
TP2: 0.01961
TP3: -0.00851
⚠️ Move SL to Breakeven once TP1 is hit !!!
The 1H setup is ripe for a liquidity sweep, as the current price is hovering around a key support-resistance zone.
Considering the 1D chart, I see that $TUT is currently trading above its EMA50, suggesting a bullish bias - which puts our SHORT trade at odds with the higher timeframe. However, this discrepancy makes me cautious, prompting me to carefully manage my position size.
Do you think this SHORT trade has what it takes to defy the 1D bullish trend, or will it ultimately reclaim its upward momentum?
Click here to Trade 👇
$TUT - SHORT🔴
Entry: 0.07585
SL: 0.1321
TP1: 0.04773
TP2: 0.01961
TP3: -0.00851
⚠️ Move SL to Breakeven once TP1 is hit !!!
The 1H setup is ripe for a liquidity sweep, as the current price is hovering around a key support-resistance zone.
Considering the 1D chart, I see that $TUT is currently trading above its EMA50, suggesting a bullish bias - which puts our SHORT trade at odds with the higher timeframe. However, this discrepancy makes me cautious, prompting me to carefully manage my position size.
Do you think this SHORT trade has what it takes to defy the 1D bullish trend, or will it ultimately reclaim its upward momentum?
Click here to Trade 👇