$TUT SHORT — Relief Bounce Rejection Setup
Entry: 0.03880 – 0.03900
TP1: 0.03820
TP2: 0.03750
TP3: 0.03680
SL: 0.04010
Price suffered a severe breakdown down to 0.03200 and the subsequent relief rally has failed at the exponential moving averages around 0.03975. The rejection candle near current levels signals weak buying demand, favoring a continuation of the bearish trend back toward lower support.
$TUT
Entry: 0.03880 – 0.03900
TP1: 0.03820
TP2: 0.03750
TP3: 0.03680
SL: 0.04010
Price suffered a severe breakdown down to 0.03200 and the subsequent relief rally has failed at the exponential moving averages around 0.03975. The rejection candle near current levels signals weak buying demand, favoring a continuation of the bearish trend back toward lower support.
$TUT