To be honest, the real incremental move is often hidden after the “gift” points. The rebound of the $TUT from these past two days looks more like a bull trap to me. At the four-hour level, the volume never really caught up; when the price pushes upward, the buy orders are just empty. Let’s recap this structure. Every time it gets pulled up near the previous high, a big bearish candle drops right on top of it—this has happened three times in a row. This kind of movement indicates that the overhead trapped-seller positions are heavy. Each rebound is giving the people who chased earlier a chance to get out.
When I’m watching the chart, I pay special attention to one detail—during the rebound, the bodies of those candles get progressively shorter, but the wicks get longer. That’s a classic sign of lack of follow-through after pushing up. Let me also be straightforward: have you noticed that this coin’s volatility has been narrowing recently? Each high is lower than the last, while the lows haven’t really broken the previous lows. This converging pattern, once it runs to the end, usually ends up choosing the downside. I’m not trying to scare you—purely from a risk/reward perspective, at this position, shorting feels more comfortable than going long. The upside space is tightly capped. If it breaks down, it turns into an acceleration phase.
My logic is very simple: the market won’t keep handing you “gift” points forever. One time is an opportunity; after three times, going back to catch it is just catching a falling knife. The signals the chart gives me are clear enough—rebound strength keeps diminishing, and the alignment with volume keeps getting worse. From this structure, I see it as bearish, not bullish.
Anyway, my own position-management rule is: I don’t touch trades against the trend, and I hold firmly on trades in the direction of the trend. Right now, the formation is clearly more favorable for the bears.
Gaze at the vastness from the mountains and seas, and observe the market’s subtle changes.
Travel with Uncle Xiong, and witness day-to-day wins and losses.
#TUT
Click below to trade 👇
When I’m watching the chart, I pay special attention to one detail—during the rebound, the bodies of those candles get progressively shorter, but the wicks get longer. That’s a classic sign of lack of follow-through after pushing up. Let me also be straightforward: have you noticed that this coin’s volatility has been narrowing recently? Each high is lower than the last, while the lows haven’t really broken the previous lows. This converging pattern, once it runs to the end, usually ends up choosing the downside. I’m not trying to scare you—purely from a risk/reward perspective, at this position, shorting feels more comfortable than going long. The upside space is tightly capped. If it breaks down, it turns into an acceleration phase.
My logic is very simple: the market won’t keep handing you “gift” points forever. One time is an opportunity; after three times, going back to catch it is just catching a falling knife. The signals the chart gives me are clear enough—rebound strength keeps diminishing, and the alignment with volume keeps getting worse. From this structure, I see it as bearish, not bullish.
Anyway, my own position-management rule is: I don’t touch trades against the trend, and I hold firmly on trades in the direction of the trend. Right now, the formation is clearly more favorable for the bears.
Gaze at the vastness from the mountains and seas, and observe the market’s subtle changes.
Travel with Uncle Xiong, and witness day-to-day wins and losses.
#TUT
Click below to trade 👇