$TUT Faces Rejection at $0.0285 — Short Trade in Play
After an impressive breakout spike, TUT/USDT is now consolidating under a key resistance zone near $0.0285. Price action is forming a range, failing to break higher and showing potential for a bearish move.
24H High / Low:
High: 0.02849
Low: 0.02484
Volume: Increasing on initial rally, now flattening
1H Chart Analysis: Multiple wicks into resistance, lower highs forming, potential breakdown from current support zone.
Short Trade Plan:
Entry Zone: 0.02735
Final Target: 0.02484
Stop Loss: 0.02849
Why This Setup Makes Sense: Strong supply at $0.0285, with failure to reclaim. Compression under resistance signals possible downside resolution.
Risk Strategy: Consider partial TP at 0.02580, adjust SL if breakdown confirms.
Take short trade here on $TUT
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