TUT got slammed -13.41% today. Here's why I'm NOT catching this knife 🚫
Price crashed to $0.0384 with 4H RSI at 38.9 — pain is real, capitulation isn't confirmed. The trend is a strong downtrend with price trading below BOTH moving averages (7-SMA $0.0393, 25-SMA $0.0469). Volume is declining at 0.72x average — sellers haven't even flushed yet.
The Setup:
When volume declines during a crash, it means sellers are trickling out, not panicking. The real bottom comes with a massive red candle + volume spike. We haven't seen that yet.
Levels I'm Watching:
⚡ Potential floor: $0.036 - $0.038
🛑 If entered, stop: $0.032
🎯 Bounce target: $0.040
Risk/Reward at 0.2x is terrible. I'll wait for volume to confirm the bottom before touching this.
Would you buy this dip or run away? 👇
#TUT #Crypto #DYOR
⚠️ This is not financial advice. Always do your own research and manage risk carefully.
Price crashed to $0.0384 with 4H RSI at 38.9 — pain is real, capitulation isn't confirmed. The trend is a strong downtrend with price trading below BOTH moving averages (7-SMA $0.0393, 25-SMA $0.0469). Volume is declining at 0.72x average — sellers haven't even flushed yet.
The Setup:
When volume declines during a crash, it means sellers are trickling out, not panicking. The real bottom comes with a massive red candle + volume spike. We haven't seen that yet.
Levels I'm Watching:
⚡ Potential floor: $0.036 - $0.038
🛑 If entered, stop: $0.032
🎯 Bounce target: $0.040
Risk/Reward at 0.2x is terrible. I'll wait for volume to confirm the bottom before touching this.
Would you buy this dip or run away? 👇
#TUT #Crypto #DYOR
⚠️ This is not financial advice. Always do your own research and manage risk carefully.