$TUT PARABOLIC PUMP SHOWING REJECTION
Short Position
Entry Zone: 0.1270 – 0.1310
TAKE PROFITS:
0.1180
0.1060
0.0920
STOP LOSS: 0.1415
$TUT has entered an extremely aggressive parabolic move, with price climbing from around $0.02 to above $0.12 in a very short period. The chart is now showing a major extension, while the latest candle pushed toward $0.13963 before pulling back toward $0.12814.
The key point here is the rejection from the $0.14 area. After such a massive vertical rally, profit-taking can trigger a sharp retracement. Volume is also extremely elevated, confirming that the move has attracted heavy speculative activity.
For the short setup, the $0.1270–$0.1310 zone is the area to watch. If price fails to reclaim $0.14 and starts breaking lower, the first downside target is $0.1180, followed by $0.1060 and potentially $0.0920.
Short Position
Entry Zone: 0.1270 – 0.1310
TAKE PROFITS:
0.1180
0.1060
0.0920
STOP LOSS: 0.1415
$TUT has entered an extremely aggressive parabolic move, with price climbing from around $0.02 to above $0.12 in a very short period. The chart is now showing a major extension, while the latest candle pushed toward $0.13963 before pulling back toward $0.12814.
The key point here is the rejection from the $0.14 area. After such a massive vertical rally, profit-taking can trigger a sharp retracement. Volume is also extremely elevated, confirming that the move has attracted heavy speculative activity.
For the short setup, the $0.1270–$0.1310 zone is the area to watch. If price fails to reclaim $0.14 and starts breaking lower, the first downside target is $0.1180, followed by $0.1060 and potentially $0.0920.