The BTC strategy setup shared earlier played out, and this round’s profits have been secured. With unusual market activity alongside a confirmed signal, the chart structure for $TUT has made the direction crystal clear. The daily price is below the EMA50, let alone the EMA200, and the medium-term bearish alignment has never been broken. The 4-hour and 1-hour charts are weakening in sync; each rebound is weaker than the last, and volume has failed to pick up.
With multiple timeframes aligning to the downside, I’d rather follow the broader trend and look to short near rebound highs than try to catch a falling knife. As for key levels, the cluster of moving averages overhead is resistance, and a rebound to that area is more likely to be pushed back by sellers. There’s room below toward the previous low, and scaling out in stages is the safer approach. Let me ask you this: if the trend is clearly down, why trade against it?
🔴 Trade direction: Short
📍 Entry range: 0.0165855 – 0.0166465
🛑 Stop loss: 0.0172256
🎯 Take profit 1: 0.0161588
🎯 Take profit 2: 0.0158540
🎯 Take profit 3: 0.0153968
Take in the vastness of mountains and seas; observe the market’s finest details.
Walk alongside Uncle Xiong and witness the gains and losses of the world.
#TUT
Click below to trade 👇
With multiple timeframes aligning to the downside, I’d rather follow the broader trend and look to short near rebound highs than try to catch a falling knife. As for key levels, the cluster of moving averages overhead is resistance, and a rebound to that area is more likely to be pushed back by sellers. There’s room below toward the previous low, and scaling out in stages is the safer approach. Let me ask you this: if the trend is clearly down, why trade against it?
🔴 Trade direction: Short
📍 Entry range: 0.0165855 – 0.0166465
🛑 Stop loss: 0.0172256
🎯 Take profit 1: 0.0161588
🎯 Take profit 2: 0.0158540
🎯 Take profit 3: 0.0153968
Take in the vastness of mountains and seas; observe the market’s finest details.
Walk alongside Uncle Xiong and witness the gains and losses of the world.
#TUT
Click below to trade 👇