⚠️ Coin $TUT is rejecting a resistance zone and is preparing for a corrective downtrend wave
🔴 Technical direction: a decisive bearish rejection from the red resistance zone
📍 Monitoring zone: 0.03100 – 0.03180
🎯 Corrective price targets:
• Target 1: 0.02976
• Target 2: 0.02898
• Target 3: 0.02819
❌ Invalidation: a 1-hour candle close above 0.03450
💡 Technical rationale: The price surged impulsively to test the resistance area highlighted in red, but it was met with strong selling pressure behind a long upper tail and a rapid pullback below the fast moving averages. Despite the formation of a prior positive divergence, the price remains under strong bearish control and the oscillator is trading within the negative range.
🔴 Technical direction: a decisive bearish rejection from the red resistance zone
📍 Monitoring zone: 0.03100 – 0.03180
🎯 Corrective price targets:
• Target 1: 0.02976
• Target 2: 0.02898
• Target 3: 0.02819
❌ Invalidation: a 1-hour candle close above 0.03450
💡 Technical rationale: The price surged impulsively to test the resistance area highlighted in red, but it was met with strong selling pressure behind a long upper tail and a rapid pullback below the fast moving averages. Despite the formation of a prior positive divergence, the price remains under strong bearish control and the oscillator is trading within the negative range.
