$TUT bleeding again, -29.21% today, from 0.088 all the way down to 0.053. brutal move.
on the 15m chart it’s a clean breakdown, held around 0.056-0.058 for a bit then just gave up, straight red candles with barely any bounce.
L/S ratio shows shorts building up as it fell, which is normal in a move like this, but also means any relief bounce could get sharp if shorts start covering.
right now sitting at the lows of the day around 0.052, no real reaction yet. this one’s still finding its floor
on the 15m chart it’s a clean breakdown, held around 0.056-0.058 for a bit then just gave up, straight red candles with barely any bounce.
L/S ratio shows shorts building up as it fell, which is normal in a move like this, but also means any relief bounce could get sharp if shorts start covering.
right now sitting at the lows of the day around 0.052, no real reaction yet. this one’s still finding its floor