TUT shows signs of extended downside potential.

🔴 SHORT $TUT /USDT: expecting price to go DOWN
Bias: SHORT · Leaning

Entry: 0.0242685 – 0.0243515
TP1: 0.0234626 (-3.5%)
TP2: 0.0228977 (-5.8%)
TP3: 0.0220503 (-9.3%)
SL: 0.0254398 (+4.6%)
Plan: enter only inside the zone, take half at TP1, then move the stop to entry.
Note: moderate conviction only, keep size light.

Why SHORT? Leaning call, 4/12 signals agree, 0 against, 8 undecided.
• 4h trend: price < EMA50 < EMA200, bearish stack → the swing trend is down
• 1h trend: price < EMA50 < EMA200, bearish stack → the short-term trend is down
• 1h RSI: 39.1, bearish momentum (below 45) → sellers have the momentum

Why I like it:
The 1h price is below both the 50 and 200 EMAs, indicating a bearish short-term trend, and the 1h RSI at 39.1 suggests bearish momentum. The 4h chart shows a similar bearish stack, reinforcing the downside potential. Both the daily trend is in a range, and the 1h price is just 0.8 ATR below its 50-period EMA, suggesting it has not yet moved far from its average price. While the 4h RSI is neutral at 45.2, the 1h RSI's bearish reading supports the idea of further downside. Risk is moderate, conviction is moderate.

With the daily trend ranging, do you see this as a better short-term play or a higher-risk trade?

Chart with every level below.

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