#TradingPsychology Bullish Momentum with strong Green Candleš„
Current Price: $0.02709
ā”The price of #TUTUSDT has risen sharply, starting from $0.02401 USDT and reaching a high of $0.02712 USDT, showing a 10.75% increase in the last 24 hours.
ā”Resistance Zone:
The price is facing resistance at $0.02712 USDT, highlighted by the yellow box. Sellers are active at this level, causing a slight pullback.
ā”Support Zone:
but
The 24-hour low of $0.02401 USDT acts as a support level, where buyers might step in.
ā”Volume Insight:
The 24-hour trading volume is $234.76 million TUT, indicating strong market activity.
šTrade Setup Possibilities:
Breakout Trade (Bullish Bias):
šEntry (Buy): Above $0.02720 USDT after a confirmed breakout with strong volume.
š¢Stop Loss: Below $0.02650 USDT.
šTake Profit Targets:
šÆTP1: $0.02800 USDT
šÆTP2: $0.02900 USDT (if momentum continues).
Rejection Trade (Bearish Bias):
šEntry (Sell): If the price gets rejected at $0.02712 USDT.
š¢Stop Loss: Above $0.02720 USDT.
šTake Profit Targets:
šÆTP1: $0.02550 USDT
šÆTP2: $0.02450 USDT (closer to support levels).
#TUTUSDTā»ļø is in an uptrend but is currently facing resistance at **0.02712 USDT**. A breakout above this level could lead to further bullish gains, while rejection might trigger a pullback. Watching for volume confirmation is crucial to decide the next move.
Disclaimer: #DYOR*