$TUT 24 hours fell 48%. Instead of reducing the position, they slightly added holdings over the next six hours— the selling pressure didn’t manage to pull the position away. On the other side, the proactive buy orders only make up 45%. There aren’t many people stepping in as it drops. It feels more like the sell pressure is slowing down rather than a true bottoming-out.

At this level, first see whether there can be a rebound and recover. If it can’t, then continue to treat it as a downward continuation and look for support.

#MarketUpdate