Daily RSI on TUT closed at 97.41, on 10.19x its average daily volume. That is the top end of the instrument, not a signal to chase.
Price is +51.4% in 24 hours and sits at 0.20195 after tagging 0.30563 at the high of the run. Everyone who bought the vertical candle is now underwater. Everyone who did not is staring at a level.
0.21033 is where $TUT is decided - 11 measured touches on the 15m, and the most recent one rejected. Reclaim it on volume and 0.24785 is the next air pocket. Lose 0.18001, which has held 38 separate times, and 0.17719 with 36 touches is the real bid underneath.
The part most people skip: the 15m volume ratio is 0.76 and the 1h is 0.43. Price is parked near the highs on thinner-than-average tape. The buying that made this move is not the buying holding it up now.
For scale, $BTC and $SOL barely moved while this did 51% in a day. When one chart carries the entire day's volatility, the exit is always narrower than the entrance was.
Are you waiting for the 0.18001 retest, or is 0.21033 the only level you will trade?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.
Price is +51.4% in 24 hours and sits at 0.20195 after tagging 0.30563 at the high of the run. Everyone who bought the vertical candle is now underwater. Everyone who did not is staring at a level.
0.21033 is where $TUT is decided - 11 measured touches on the 15m, and the most recent one rejected. Reclaim it on volume and 0.24785 is the next air pocket. Lose 0.18001, which has held 38 separate times, and 0.17719 with 36 touches is the real bid underneath.
The part most people skip: the 15m volume ratio is 0.76 and the 1h is 0.43. Price is parked near the highs on thinner-than-average tape. The buying that made this move is not the buying holding it up now.
For scale, $BTC and $SOL barely moved while this did 51% in a day. When one chart carries the entire day's volatility, the exit is always narrower than the entrance was.
Are you waiting for the 0.18001 retest, or is 0.21033 the only level you will trade?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.