TUT: This buy signal alarm is going off, and in the past 24h it’s still up +12.1%—but when you break it down, it looks off: 5m -5.2%, 1h -4.4%. Volume is 18.9x, massive selling pressure sending it down hard. This is a classic surge-and-panic selloff, not what a typical “shakeout” should look like.

You can see it more clearly in terms of positioning. Current price is 0.02777. The 24h range is 0.022 to 0.03036, and it has already pulled back 9.33% from the high. MA7 is 0.02919, and the price has fallen below the 7-day line—short-term bullish alignment is starting to break down. RSI is 33. Although it’s nearing oversold, oversold doesn’t mean you’ve hit the bottom; in a sharp selloff, RSI can stay “dull” at low levels for a long time. Look for support at 0.02595—this is the spot you really need to watch.

More direct at the contract level: the open interest dropped by 11.2%, which means reducing positions and exiting—not new money coming in to buy the dip. The father-side signal (0.6 hours ago) just triggered a long signal with both increased positions and a price rise; now it’s directly reversed, indicating that the leveraged longs that chased in are already starting to withdraw. The funding rate at 0.0050% is still relatively balanced; sentiment isn’t at an extreme yet, but it can’t rescue the price action.

Over there on the market: out of 47 items, 37 are bullish—everything is the breakout narrative. Retail longs in the past 24h are 12 times. This kind of unanimity is itself a risk. The action suggested by the bot is to consider taking profit and reducing positions, following up on the late chase entry from 35 minutes ago. Translated plainly: the ones who chased higher should leave; those who didn’t enter shouldn’t catch a falling knife.

Be clear about the plan: don’t touch the current price. If you want to go long, wait for a pullback near 0.02595 and see whether it can hold; once it holds, try a small position. Put the stop-loss below 0.025. For targets, first look for a bounce toward the MA7 near 0.0292. If you want to short, try near 0.029 when the retracement meets resistance; stop-loss above 0.0304. At this current level, neither long nor short feels comfortable—watching from the sidelines is the most comfortable option.

Quick data overview: current price 0.02777 | 24h +12.10% | volume ratio 18.9 | RSI 33 | fee rate 0.0050%

That’s all for now. Chasing highs ruins your life; bottom fishing makes you poor for three generations.

— 19:41 Market notes