UPDATE on $TUT
Yesterday we called the rejection.
$TUT : $0.20 - $0.084 📉
Today the setup is different.
OI is still unwinding, funding has cooled to 0.005%, and the extreme positioning has started to normalize.
I’m not chasing the short here.
Watching $0.09–$0.095 for a rejection - potential next short.
Reclaim + OI expansion = bearish thesis invalidated.
Yesterday we called the rejection.
$TUT : $0.20 - $0.084 📉
Today the setup is different.
OI is still unwinding, funding has cooled to 0.005%, and the extreme positioning has started to normalize.
I’m not chasing the short here.
Watching $0.09–$0.095 for a rejection - potential next short.
Reclaim + OI expansion = bearish thesis invalidated.