$TUT has been on a strong uptrend for almost a week, and honestly, we managed to catch some good profit from that move.
But the latest candle changed the picture for me. The move we saw during the last hour was strong enough to completely shake out the short positions, and after such an aggressive move, I’m starting to think the trend has reached its limit.
From here, I’m watching for a shift toward a downtrend. We could still see some small rebounds or short-term pumps along the way, but I don’t think those moves will change the bigger picture.
For me, the main rally on $TUT is finished. Now the interesting part is seeing how the market reacts from here and whether sellers start taking control.
#BIP110ForkSignalingExpectedThisWeekend #tutanalysis
📈 Bounce — 20%+ upside
📉 Downtrend — more downside
⏳ Wait for confirmation