$TUT Relief Bounce Reaching Resistance: Short Setup Alert 📉👇
$TUT (Perp) ne $0.0573 ke local bottom se quick V-shape bounce dikhaya hai aur current price $0.0638 – $0.0640 zone par trade kar raha hai. Lekin yahan se Short trade ke liye clear resistance triggers ban rahe hain:
Overhead Resistance & Order Book Pressure: $0.0650 – $0.0670 zone mein heavy sell walls (over 7M+ TUT asks) lined up hain, jo previous breakdown ka major resistance area ($0.0672) hai.
Volume Exhaustion on 1m/5m: Bounce ke start mein volume aaya tha, lekin current push par buying volume steadily decrease ho raha hai, jo momentum exhaustion ka signal deta hai.
Mean Reversion Risk: Short-term price Moving Averages (MA(25) = 0.0605, MA(99) = 0.0612) se kafi aggressively extend ho chuka hai. Ek retest ya pull-back highly probable hai.
🎯 Trade Setup (Short Plan):
Entry Zone: $0.0645 – $0.0658 (Wait for rejection wick near resistance)
Targets (Take Profit):
TP1: $0.06 (Near MA99)
TP2: $0.0578
TP3: $0.055 (Sweep of recent low)
Stop Loss / Invalidation: Clean 5m candle close above $0.071