$TUT is now around 0.21u. It just made a new high and then pulled back a bit. In seven days it can do ten times—this kind of chart, I understand. The rise is real; it’s not me being blind.
But at this level, chasing it has genuinely mediocre value for money. The order book is extremely thin on the bid side—there’s this thick wall of sell orders stacked up. The only thing holding it together is that the “pickup” is propped up by sheer one sustained push. Funding rates are also pushed high. Holding it for a day has already pushed up by nearly 30%. Long positions are piled to the max—everyone is betting it won’t turn back. Whoever runs first gets chopped.
As for spot, though, real money really is coming in. Large orders have been continuously net inflowing—no sign of the cash withdrawing. But the technical indicators are already burned out. RSI and MFI have both hit extreme values. In such conditions, overbought rarely just keeps going without taking a breather.
The issue isn’t whether it will drop or not. The issue is that if you jump in at this point, what you’re trying to earn is the “last stretch” money—the kind that’s won by risking your life. Either it keeps blasting higher, or one needle pokes back through and the volatility on both sides becomes terrifying.
So I won’t chase. I’ll wait for a pullback and wait until the order book’s thinness calms down a bit. If it continues to strengthen, a pullback will still give an opportunity—no need to risk your life gambling on that final push.
#tut $TUT
But at this level, chasing it has genuinely mediocre value for money. The order book is extremely thin on the bid side—there’s this thick wall of sell orders stacked up. The only thing holding it together is that the “pickup” is propped up by sheer one sustained push. Funding rates are also pushed high. Holding it for a day has already pushed up by nearly 30%. Long positions are piled to the max—everyone is betting it won’t turn back. Whoever runs first gets chopped.
As for spot, though, real money really is coming in. Large orders have been continuously net inflowing—no sign of the cash withdrawing. But the technical indicators are already burned out. RSI and MFI have both hit extreme values. In such conditions, overbought rarely just keeps going without taking a breather.
The issue isn’t whether it will drop or not. The issue is that if you jump in at this point, what you’re trying to earn is the “last stretch” money—the kind that’s won by risking your life. Either it keeps blasting higher, or one needle pokes back through and the volatility on both sides becomes terrifying.
So I won’t chase. I’ll wait for a pullback and wait until the order book’s thinness calms down a bit. If it continues to strengthen, a pullback will still give an opportunity—no need to risk your life gambling on that final push.
#tut $TUT