🚨SHORT TRADE SETUP & ANALYSIS🚨
🚀 Strong momentum for $TUT !
Market cap hits $38M (+21.86%),
24h volume surges to $40.1M (+133.14%),
with a circulating supply of 838.28M $TUT .
Price jumps 21.84% to $0.04524, and
RSI at 78.20 hints at overbought conditions,
suggesting a potential pullback.
A trade setup to consider is
a short position: enter around $0.04500,
target $0.04000-$0.04200 for a
6-11% drop, and set a stop-loss at
$0.04750 to limit risk.
This setup leverages the high RSI
indicating overbought territory,
where price often corrects after
rapid gains, especially with a
Vol/Mkt Cap ratio of 105.72% signaling
high trading activity that could reverse.
Monitor for a bearish divergence or
RSI dropping below 70 for confirmation.