$TUT /USDT - Quick Trade Idea!
Looking at the 4-hour chart for $TUT /USDT, we've seen some interesting price action!
Potential Entry Point:
* Around 0.02737 USDT (current price in the image) or slightly below, if it pulls back to test the previous resistance turned support.
* The SAR (Stop and Reverse) is currently at 0.02354, and the price is well above that, showing bullish momentum.
Potential Target:
* Initial target could be around the recent high seen on the chart: 0.03017 USDT.
* If momentum continues, we could look for higher levels, but this is a good first target based on recent price action.
Stop Loss:
* A logical stop loss could be placed below the recent swing low and the SAR: around 0.02208 USDT or slightly below to give it some room.
* This helps protect capital if the market reverses.
Why this trade setup?
* The price has shown a strong rebound after a significant dip.
* The RSI (6) is at 65.02410, showing strong buying interest but not yet overbought.
* The MACD appears to be crossing over to the bullish side (DIF > DEA, MACD > 0), suggesting upward momentum.