A faint whisper of reversal is echoing through the $TUT market, and I'm compelled to listen.
$TUT - SHORT🔴
Entry: 0.06452
SL: 0.1215
TP1: 0.03604
TP2: 0.00756
TP3: -0.02092
⚠️ Move SL to Breakeven once TP1 is hit !!!
The current momentum is showing signs of exhaustion, with the RSI and EMA20/EMA50 on the 1H chart hinting at a potential downturn.
However, I'm aware that this trade is navigating treacherous waters, as the 1D chart is actually bullish, with price trading above its EMA50, which means we're essentially swimming against the tide - a fact that warrants a more cautious approach.
What happens next - will the bears take control, or will the bulls stage a resurgence?
Click here to Trade 👇
$TUT - SHORT🔴
Entry: 0.06452
SL: 0.1215
TP1: 0.03604
TP2: 0.00756
TP3: -0.02092
⚠️ Move SL to Breakeven once TP1 is hit !!!
The current momentum is showing signs of exhaustion, with the RSI and EMA20/EMA50 on the 1H chart hinting at a potential downturn.
However, I'm aware that this trade is navigating treacherous waters, as the 1D chart is actually bullish, with price trading above its EMA50, which means we're essentially swimming against the tide - a fact that warrants a more cautious approach.
What happens next - will the bears take control, or will the bulls stage a resurgence?
Click here to Trade 👇