We’re spotting a potential short setup as TUT 
TUTUSDT.P approaches a key support level with increasing selling pressure.
📉 Market Recap & Why This Looks Bearish:
Strong rejection from the $0.0498 - $0.0525 resistance zone.
Price failed to hold momentum and is grinding lower.
Support at $0.0372 - $0.0369 is being tested again – multiple retests weaken the level, making a breakdown likely.
🔎 Short Setup & Targets:
🔻 Entry: Below $0.0372 (after confirmation of breakdown)
🔻 Targets:
$0.0328 (first TP)
$0.0287 (strong support)
$0.0229 - $0.0250 (final TP for full breakdown)
🔹 Stop Loss: Above $0.0400 (to avoid a liquidity grab)
🎯 Trade Scenario:
1️⃣ If $0.0372 breaks, we enter short for $0.0328+ targets.
2️⃣ If price bounces off support, we wait for a better re-entry on the next rejection.
3️⃣ Fakeouts possible! Watch for a liquidity grab before confirmation.
⚠️ Final Thoughts
Bearish Bias – Sellers are in control unless we see strong bullish reaction.
Patience is Key – Wait for a clear breakdown before entering.
Manage Risk! – Use proper stop-loss & don’t overleverage.
📊 Follow for more setups!
💬 Are you shorting this? Drop your thoughts below! 👇
TUTUSDT.P approaches a key support level with increasing selling pressure.📉 Market Recap & Why This Looks Bearish:
Strong rejection from the $0.0498 - $0.0525 resistance zone.
Price failed to hold momentum and is grinding lower.
Support at $0.0372 - $0.0369 is being tested again – multiple retests weaken the level, making a breakdown likely.
🔎 Short Setup & Targets:
🔻 Entry: Below $0.0372 (after confirmation of breakdown)
🔻 Targets:
$0.0328 (first TP)
$0.0287 (strong support)
$0.0229 - $0.0250 (final TP for full breakdown)
🔹 Stop Loss: Above $0.0400 (to avoid a liquidity grab)
🎯 Trade Scenario:
1️⃣ If $0.0372 breaks, we enter short for $0.0328+ targets.
2️⃣ If price bounces off support, we wait for a better re-entry on the next rejection.
3️⃣ Fakeouts possible! Watch for a liquidity grab before confirmation.
⚠️ Final Thoughts
Bearish Bias – Sellers are in control unless we see strong bullish reaction.
Patience is Key – Wait for a clear breakdown before entering.
Manage Risk! – Use proper stop-loss & don’t overleverage.
📊 Follow for more setups!
💬 Are you shorting this? Drop your thoughts below! 👇
Trade active
Price down 36.67%, Our 4 targets achieved successfully.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.