TUT is down 24.4% in 24 hours, and the last closed 15m candle traded at 0.31x its own 20-candle average volume.
The selling that dragged this from 0.10749 down to 0.06129 has already happened. What replaced it is not buying, it is absence. Price has crawled back to 0.0764, but the 1h EMA stack is still bearish (9 under 21 under 50) and price sits at just 12.7% of its 1h range.
0.07852 is where $TUT is decided - 18 measured touches on the 15m. Reclaim it and hold, and the 0.08145 shelf comes into play. Lose 0.06495, a level that has held 10 times, and 0.06129 is the next measured floor.
The uncomfortable part: this bounce has no participation behind it. 0.31x volume on 15m, 0.62x on 1h. Price moved. Traders did not.
For scale, $BTC does not print a 5.08% ATR on a 15-minute candle. Here noise alone can take out a tight stop before direction is even known.
Does 0.07852 break on real volume, or fade for a 19th time?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.
The selling that dragged this from 0.10749 down to 0.06129 has already happened. What replaced it is not buying, it is absence. Price has crawled back to 0.0764, but the 1h EMA stack is still bearish (9 under 21 under 50) and price sits at just 12.7% of its 1h range.
0.07852 is where $TUT is decided - 18 measured touches on the 15m. Reclaim it and hold, and the 0.08145 shelf comes into play. Lose 0.06495, a level that has held 10 times, and 0.06129 is the next measured floor.
The uncomfortable part: this bounce has no participation behind it. 0.31x volume on 15m, 0.62x on 1h. Price moved. Traders did not.
For scale, $BTC does not print a 5.08% ATR on a 15-minute candle. Here noise alone can take out a tight stop before direction is even known.
Does 0.07852 break on real volume, or fade for a 19th time?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.