$TUT lost a level bulls defended for days. 1H short setup
$TUT · SHORT · Conf 65%
Trade Plan:
Entry: 0.03722 - 0.03813
SL: 0.04275
TP1: 0.03383
TP2: 0.03129
TP3: 0.02876
TP4: 0.02622
R:R about 1.3 to TP2 on the 1H
Conf is how many of our checks agree, not a win rate.
TUT/USDT 0.03722, -6.30% over 24h.
Why this setup?
- Price below the 200 EMA, long-term structure bearish
- EMA20 below EMA50, short-term momentum down
- 4H trend leaning down
- RSI(14) at 46.0 with volume x0.47 against the 20-bar average.
- Invalidation is unambiguous: through 0.04275 the idea is simply wrong, so size it so that being wrong is survivable.
Key levels: S 0.03383 · 0.03333 | R 0.04166 · 0.04186 · 0.04264
Debate:
Is this distribution in TUT, or a shakeout before another leg up?
Trade TUT: spot https://www.binance.com/en/trade/TUT_USDT | futures https://www.binance.com/en/futures/TUTUSDT
$TUT #TUT #Write2Earn #TechnicalAnalysis #Volatility
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.