đ¨ $50M volume on a -10.7% drop â this is not retail panic. This is textbook whale distribution in TUT.
Here is what the charts are screaming:
đ The Setup
TUT dropped 10.7% on 1.23x normal volume. When you see above-average volume combined with double-digit percentage declines, you are watching smart money exit into retail demand. The 4H RSI sits at 41.1 â bearish but not yet oversold. MACD histogram is expanding negatively.
Price at $0.0647 is now trading BELOW the 7-period SMA ($0.0694) on the 4H chart. That is bearish structure confirmation.
đŻ Why This Trade?
Volume is the lie detector. Price can be manipulated, but volume tells the truth. $50M on a token this size with a -10.7% drop? Someone big is selling into strength. The daily MACD is still positive (0.02), meaning the broader trend has not flipped yet â but the 4H is clearly deteriorating.
đ The Plan
⢠Entry: $0.055 - $0.065 (only if volume starts declining)
⢠Stop Loss: $0.050 (psychological round number)
⢠Take Profit 1: $0.075 (previous support turned resistance)
⢠Take Profit 2: $0.085 (SMA25 recovery zone)
⢠Risk/Reward: 1.5R | Confidence: 91%
đ§ If volume stays elevated on further drops, STAY AWAY. Distribution is still ongoing.
Are you brave enough to catch this knife or watching from the sidelines? đŞ
#TUT #CryptoTrading #DYOR
â ď¸ Disclaimer: This is personal analysis, not financial advice. Always do your own research. Trading involves significant risk of loss.
Here is what the charts are screaming:
đ The Setup
TUT dropped 10.7% on 1.23x normal volume. When you see above-average volume combined with double-digit percentage declines, you are watching smart money exit into retail demand. The 4H RSI sits at 41.1 â bearish but not yet oversold. MACD histogram is expanding negatively.
Price at $0.0647 is now trading BELOW the 7-period SMA ($0.0694) on the 4H chart. That is bearish structure confirmation.
đŻ Why This Trade?
Volume is the lie detector. Price can be manipulated, but volume tells the truth. $50M on a token this size with a -10.7% drop? Someone big is selling into strength. The daily MACD is still positive (0.02), meaning the broader trend has not flipped yet â but the 4H is clearly deteriorating.
đ The Plan
⢠Entry: $0.055 - $0.065 (only if volume starts declining)
⢠Stop Loss: $0.050 (psychological round number)
⢠Take Profit 1: $0.075 (previous support turned resistance)
⢠Take Profit 2: $0.085 (SMA25 recovery zone)
⢠Risk/Reward: 1.5R | Confidence: 91%
đ§ If volume stays elevated on further drops, STAY AWAY. Distribution is still ongoing.
Are you brave enough to catch this knife or watching from the sidelines? đŞ
#TUT #CryptoTrading #DYOR
â ď¸ Disclaimer: This is personal analysis, not financial advice. Always do your own research. Trading involves significant risk of loss.