TUT is down 6% on heavy volume — and that is exactly the pattern that keeps me away 🚩
Let me break down what I see:
📊 TUT at $0.04049, dropping -6.12% with $30.3M in volume. But here is the red flag — volume ratio is only 0.43x average, meaning the selling is happening on relatively thin order books. The 4h RSI at 45.8 has dropped below neutral, and MACD has flipped negative.
🧠 Why I Am Staying Away:
The daily chart shows price has fallen below the 7-day SMA ($0.043) and is approaching the 25-day SMA. When price breaks below short-term averages on declining volume, it often means buyers have disappeared. The long/short ratio at 1.51 means there are still more longs — potential liquidation cascade if it breaks lower.
📋 The Trade Plan:
❌ Not a buy-the-dip situation yet
✅ Wait for: Volume spike + price stabilization + RSI below 30 (capitulation signal)
🎯 Potential entry: $0.030-$0.035 IF bottom forms
🛑 Would need stop at $0.025
This is a watch-and-wait, not a trade-now. Patience pays.
Have you been burned chasing falling knives? Share your lesson 👇
#TUT #CryptoAnalysis #DYOR
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk carefully.
Let me break down what I see:
📊 TUT at $0.04049, dropping -6.12% with $30.3M in volume. But here is the red flag — volume ratio is only 0.43x average, meaning the selling is happening on relatively thin order books. The 4h RSI at 45.8 has dropped below neutral, and MACD has flipped negative.
🧠 Why I Am Staying Away:
The daily chart shows price has fallen below the 7-day SMA ($0.043) and is approaching the 25-day SMA. When price breaks below short-term averages on declining volume, it often means buyers have disappeared. The long/short ratio at 1.51 means there are still more longs — potential liquidation cascade if it breaks lower.
📋 The Trade Plan:
❌ Not a buy-the-dip situation yet
✅ Wait for: Volume spike + price stabilization + RSI below 30 (capitulation signal)
🎯 Potential entry: $0.030-$0.035 IF bottom forms
🛑 Would need stop at $0.025
This is a watch-and-wait, not a trade-now. Patience pays.
Have you been burned chasing falling knives? Share your lesson 👇
#TUT #CryptoAnalysis #DYOR
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk carefully.