TUT Soared 9.99% in 24 Hours: Golden Opportunity for Short-Term Trading

The crypto market is heating up again with TUT stealing the spotlight, soaring 9.99% in the last 24 hours, reaching a price of 0.02734 USDT. The 1-hour chart shows a strong bullish trend, with prices above all Moving Averages (MA7: 0.0249474, MA50: 0.0196766, MA100: 0.0110265), indicating solid upward momentum in the short, medium, and long term. After touching a peak of 0.03161 USDT, the price slightly corrected, but the market cap of 27.34 million USDT (diluted completely) and the 7-day performance (+3.303%) shows that TUT still has room to move. For short-term traders, this is a moment not to be missed to take advantage of the high volatility in the crypto market.
Trading Strategy: Long Position for Maximum Profit
Technical analysis shows a golden opportunity with a long position as the most profitable strategy. The current price is 0.02734 USDT, or a pullback to the MA7 support at 0.0249474, becomes an ideal entry point for buying, with a profit target at the resistance of 0.03161 USDT ( potential profit of 15.5% ) or even 0.0364449 ( potential 33% ). A stop loss at 0.0245 USDT can limit risk, while the bullish trend supported by MA provides confidence for further increases. Although high volatility is risky, careful traders can take advantage of this momentum for quick profits, as long as they remain vigilant against potential corrections and dynamic market sentiment.
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