TUT is primed for a downturn with a high-probability short setup emerging, driven by a potent mix of technical and volume-based signals. The current market structure suggests a significant shift in momentum is imminent.
🔴 $TUT SHORT 📉
Entry → $0.037852-$0.037928
Stop → $0.039027 (-3.0%)
TP1 → $0.037322 (+1.5%)
TP2 → $0.035995 (+5.0%)
R/R 1:1.7 • Confidence 64%
This TUT short setup is compelling due to the convergence of the CHoCH market structure break, CVD confirming direction with volume, and the presence of a fair value gap alongside an order block, all of which are reinforced by a point of interest confluence. The structure indicates a potential reversal point, especially with the OB and FVG overlap highlighting a key area of resistance. These signals collectively paint a picture of a market ready to move against the current trend.
With a 3.0% stop loss, which is relatively tight, leveraging this trade with a moderate multiplier is advisable to balance risk and potential reward, especially given the 1:1.7 risk-to-reward ratio.
Taking partial profits at the first target point could be a prudent strategy to lock in some gains, given the market's tendency to respect key levels, and then letting the remainder of the position ride out to maximize potential upside.
As always: manage your risk, this is not financial advice 🙏
$TUT #TUTUSDT #sheinsaidtolaunchhkiposubscriptionaroundaug20 #TradingSignals #Write2Earn
🔴 $TUT SHORT 📉
Entry → $0.037852-$0.037928
Stop → $0.039027 (-3.0%)
TP1 → $0.037322 (+1.5%)
TP2 → $0.035995 (+5.0%)
R/R 1:1.7 • Confidence 64%
This TUT short setup is compelling due to the convergence of the CHoCH market structure break, CVD confirming direction with volume, and the presence of a fair value gap alongside an order block, all of which are reinforced by a point of interest confluence. The structure indicates a potential reversal point, especially with the OB and FVG overlap highlighting a key area of resistance. These signals collectively paint a picture of a market ready to move against the current trend.
With a 3.0% stop loss, which is relatively tight, leveraging this trade with a moderate multiplier is advisable to balance risk and potential reward, especially given the 1:1.7 risk-to-reward ratio.
Taking partial profits at the first target point could be a prudent strategy to lock in some gains, given the market's tendency to respect key levels, and then letting the remainder of the position ride out to maximize potential upside.
As always: manage your risk, this is not financial advice 🙏
$TUT #TUTUSDT #sheinsaidtolaunchhkiposubscriptionaroundaug20 #TradingSignals #Write2Earn