TUT fell 23%, but I’m watching reversal signals. Here are my observations.
The most recent candlestick closed bullish, and bearish power is weakening.
The low didn’t keep moving lower, suggesting selling pressure has mostly been released.
Support at 0.0613; the first rebound target is 0.2478
Before writing this, I reviewed everything myself again, and the conclusion hasn’t changed.
Signals of a turning point are a bit like a weather forecast—signs don’t necessarily mean it will rain. If you see them, have an umbrella ready (place orders), but don’t open it too early (don’t rush to go all-in).
$TUT $ONE
The most recent candlestick closed bullish, and bearish power is weakening.
The low didn’t keep moving lower, suggesting selling pressure has mostly been released.
Support at 0.0613; the first rebound target is 0.2478
Before writing this, I reviewed everything myself again, and the conclusion hasn’t changed.
Signals of a turning point are a bit like a weather forecast—signs don’t necessarily mean it will rain. If you see them, have an umbrella ready (place orders), but don’t open it too early (don’t rush to go all-in).
$TUT $ONE