$TUT
#TUTUSDT #SHORT
Entry: 0.0385 - 0.0400
Stoploss: 0.0460
Take Profit: 0.0340
Take Profit 2: 0.0300
Price has been consolidating in a tightening wedge after that sharp drop from 0.10, and it just got rejected off the upper trendline again. As long as it stays under that descending line the path of least resistance is back down toward the bottom of the wedge.
Order book's fairly balanced (46/54), so this isn't a strong lean either way — watch for a clean break of the wedge before sizing up.
#TUTUSDT #SHORT
Entry: 0.0385 - 0.0400
Stoploss: 0.0460
Take Profit: 0.0340
Take Profit 2: 0.0300
Price has been consolidating in a tightening wedge after that sharp drop from 0.10, and it just got rejected off the upper trendline again. As long as it stays under that descending line the path of least resistance is back down toward the bottom of the wedge.
Order book's fairly balanced (46/54), so this isn't a strong lean either way — watch for a clean break of the wedge before sizing up.