$TUT Long Trade Setup
$TUT is showing signs of bullish momentum after rebounding from the local support at $0.03274, with price now trading at $0.03372 (+2.09% in the last 24h). The volume surge to 3.96M USDT and increased buyer interest in the seed gainers category signal a potential upward continuation. The current structure is forming higher lows on the 1H chart, indicating a short-term reversal from the previous downtrend.
This setup offers an early entry opportunity with clear invalidation and attractive upside targets.
Entry:
$0.03370 (current price zone)
Stop Loss:
$0.03190 — below the recent low and under key intraday support. A break below this level would invalidate the bullish structure.
Take Profit Targets:
Target 1: $0.03600 — local resistance and psychological level, where price previously rejected.
Target 2: $0.03850 — next resistance zone based on the 4H chart, aligning with volume spikes and consolidation wicks.
Target 3: $0.04100 — major resistance zone that acted as a key barrier in the past, ideal for swing traders aiming for extended upside.
Risk-Reward Strategy:
RR for T1: ~1.2
RR for T2: ~2.3
RR for T3: ~3.5
Trade View:
15m and 1H timeframes show rising volume and bullish engulfing patterns.
MACD is beginning to cross upward on the 4H, indicating mid-term strength.
RSI remains below overbought territory (currently around 60), allowing further upside room.
The daily candle is shaping into a potential breakout from a micro-consolidation range.
For confirmation, wait for a 15m candle close above $0.03410 or a clean retest of $0.03340 with holding volume. Monitor market sentiment and avoid entry during high volatility news events. Adjust position size according to your capital and risk threshold to maintain consistent risk management.
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