$TUT Recent order book activity highlights notable selling pressure hitting lower price levels. A long liquidation cascade wiped out approximately $1.5k in positions around the $0.04718 mark, sweeping key downside liquidity pools.
In market structure analysis, an aggressive liquidation event like this often acts as a double-edged sword. On one hand, forced long closures can signal localized exhaustion, potentially offering room for a relief bounce if buyers step in to defend immediate support. On the other hand, sustained momentum below this reaction zone indicates that bears retain full control, opening the door for continuation toward lower technical targets.
Traders closely monitoring this setup should watch price action around $0.04718 for key confirmation. A breakdown and failure to reclaim this level points toward secondary downside targets near $0.04670, $0.04625, and potentially $0.04580. Conversely, a sharp absorption of selling volume here could set up a short-term bottoming pattern.
Always wait for structural confirmation on lower timeframes rather than anticipating the move. Risk management remains critical during liquidity sweep volatility.
$BMT
$BTR
In market structure analysis, an aggressive liquidation event like this often acts as a double-edged sword. On one hand, forced long closures can signal localized exhaustion, potentially offering room for a relief bounce if buyers step in to defend immediate support. On the other hand, sustained momentum below this reaction zone indicates that bears retain full control, opening the door for continuation toward lower technical targets.
Traders closely monitoring this setup should watch price action around $0.04718 for key confirmation. A breakdown and failure to reclaim this level points toward secondary downside targets near $0.04670, $0.04625, and potentially $0.04580. Conversely, a sharp absorption of selling volume here could set up a short-term bottoming pattern.
Always wait for structural confirmation on lower timeframes rather than anticipating the move. Risk management remains critical during liquidity sweep volatility.
$BMT
$BTR
