⚠️ $TUT 1H CHART BREAKDOWN: DOWNTREND INTACT, RETESTING $0.11 - $0.12 SUPPORT! ⚠️
Looking at the 1-Hour chart, $TUT has been forming continuous lower highs and lower lows after failing to sustain above the $0.24+ zone! 📉
Price is currently retesting the critical $0.119 – $0.120 area, with the 24h low sitting at $0.11199.
📊 1-Hour Technical Levels:
• Current Support Zone: $0.112 – $0.119 (Must hold on the 1H timeframe to prevent further dump toward $0.096).
• Immediate 1H Resistance: $0.151 – $0.160 (First major hurdle for any short-term relief bounce).
• Major Reversal Zone: Reclaiming $0.207 is required to break the current hourly downtrend.
💡 Trading Plan:
• Caution for Scalpers: Do not rush into long positions while red hourly candles are dominant.
• Confirmation: Wait for 1H candle consolidation and a bullish confirmation candle near support before looking for entries. Maintain tight stop-losses!
Are you waiting for a bounce off $0.11 or seeing further downside? Comment below! 👇
#TUT #altcoins #cryptotrading
Looking at the 1-Hour chart, $TUT has been forming continuous lower highs and lower lows after failing to sustain above the $0.24+ zone! 📉
Price is currently retesting the critical $0.119 – $0.120 area, with the 24h low sitting at $0.11199.
📊 1-Hour Technical Levels:
• Current Support Zone: $0.112 – $0.119 (Must hold on the 1H timeframe to prevent further dump toward $0.096).
• Immediate 1H Resistance: $0.151 – $0.160 (First major hurdle for any short-term relief bounce).
• Major Reversal Zone: Reclaiming $0.207 is required to break the current hourly downtrend.
💡 Trading Plan:
• Caution for Scalpers: Do not rush into long positions while red hourly candles are dominant.
• Confirmation: Wait for 1H candle consolidation and a bullish confirmation candle near support before looking for entries. Maintain tight stop-losses!
Are you waiting for a bounce off $0.11 or seeing further downside? Comment below! 👇
#TUT #altcoins #cryptotrading