TUT Rises 9.99% in 24 Hours: Golden Opportunity for Short-Term Trading
The crypto market is heating up again with TUT grabbing attention, rising 9.99% in the last 24 hours, reaching a price of 0.02734 USDT. The 1-hour chart shows a strong bullish trend, with prices above all Moving Averages (MA7: 0.0249474, MA50: 0.0196766, MA100: 0.0110265), indicating solid upward momentum in the short, medium, and long term. After touching a peak of 0.03161 USDT, the price slightly corrected, but the market cap of 27.34 million USDT (fully diluted) and the 7-day performance (+3.303%) show that TUT still has room to move. For short-term traders, this is a moment not to be missed to take advantage of high volatility in the crypto market.
Trading Strategy: Long Position for Maximum Profit
Technical analysis shows a golden opportunity with a long position as the most profitable strategy. The current price is at 0.02734 USDT, or a pullback to the MA7 support at 0.0249474, becoming an ideal entry point for buying, with a profit target at resistance 0.03161 USDT (potential gain of 15.5%) or even 0.0364449 (potential 33%). A stop loss at 0.0245 USDT can limit risk, while the bullish trend supported by MAs provides confidence for further increases. Although high volatility is risky, careful traders can capitalize on this momentum for quick profits, as long as they remain alert to potential corrections and dynamic market sentiment.
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