TUT shows an impressive rise of 127% in the last 24 hours, with the current price at 0.04636 USDT and a market capitalization of 47.09 million USDT. This trend is supported by a significant surge in trading volume, as seen from the increase in volume at the bottom of the chart, indicating strong market interest. Additionally, TUT has experienced a rise of 5,429% in 7 days and 2,851% in 30 days, showing very strong bullish momentum.

However, there are some signs to watch out for:
Moving Averages (MA): The current price is above MA(7) (0.0503261), MA(50) (0,0316001), and MA(100) (0,0191045), confirming the bullish trend. However, the considerable distance from MA(50) and MA(100) suggests that TUT may already be in an overbought condition.
Price Level: The price has just reached a new peak at 0.0604270, followed by a drop to 0.0463632, indicating selling pressure or profit-taking. The nearest support is around 0.0417814, with stronger support at 0.0195671 ( near MA100).
Volatility: A 127% rise in 24 hours indicates high volatility, which is often followed by a short-term correction before the trend continues.
Most Profitable Trading Position for the Short Term
TUT is likely to experience a short-term correction after this explosive rise, followed by the potential continuation of a bullish trend if support holds. Therefore, the best strategy is to take advantage of this volatility with the following approach:
Spot Trading (Buy the Dip):
Strategy: Wait for a correction towards the support level at 0.0417814 or lower to 0.0195671 ( near MA(100). Buy at those levels for spot positions, with a sell target at 0.0604270 ( the previous peak ) or higher if a breakout occurs.
Reason: A correction is likely to occur due to overbought conditions, but the medium-term bullish trend remains strong, supported by volume and market interest. Buying the dip provides a better risk-reward ratio.
Risk: If support 0.0195671 is broken, the price could drop further to 0.006410 (previous low level). Use a stop-loss below support to limit losses.
Futures Trading (Short, then Long):
Short Position (Short Term):
Entry: Open a short position at the current price of 0.04636 USDT.
Target: Aim for a correction to 0.0417814 ( profit around 10% ) or lower to 0.0195671 ( profit up to 58% ).
Stop-Loss: Place a stop-loss at 0.0604270 to limit risk if the price breaks out again.
Reason: The 127% rise in 24 hours indicates potential profit-taking, and short positions can take advantage of this correction.
Long Position (After Correction):
Entry: After the correction is complete and the price shows signs of reversal at 0.0417814 or 0.0195671, open a long position.
Target: Aim for 0.0604270 or higher if a breakout occurs (potential profit 45%-200% depending on entry).
Stop-Loss: Place the stop-loss below the chosen support (for example, 0.018 for an entry at 0.0195671).
Reason: The mid-term bullish trend remains intact, and long positions after the correction provide significant profit opportunities with more controlled risk.
Recommendations and Considerations
For the short term (1-3 days), short positions in futures offer the best opportunities due to the likelihood of a correction after a sharp rise. However, for more conservative traders, buying on dips in spot trading is a safer option with still attractive profit potential. Be sure to monitor trading volume and market sentiment, as TUT is still very volatile. Always use strict risk management and do not allocate more than 2-5% of your portfolio to this trade, considering its high volatility.
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