The RLC strategy flagged last time has successfully taken profit, and the price structure has played out as expected. Volatility is building. The chart structure for $TUT is showing bearish signals, but this looks more like a trap than an opportunity. On both the 4-hour and 1-hour charts, price is below the EMA50 and EMA200, with the moving averages in bearish alignment. Both the swing trend and the short-term trend are pointing down.
The 4-hour RSI is around 42, with momentum still controlled by sellers and limited strength in any rebound. The zone above is one for bears to watch. If price rebounds into this area but fails to hold, the structure still supports further downside. A rebound is not a reversal—the key is whether volume confirms the downward pressure.
🔴 Trade direction: Short
📍 Entry zone: 0.0223384 – 0.0223774
🛑 Stop loss: 0.0228300
🎯 Take profit 1: 0.0220038
🎯 Take profit 2: 0.0217677
🎯 Take profit 3: 0.0214137
Take in the vastness of mountains and seas; observe the market’s every detail.
Join Uncle Xiong, and witness the rises and falls of the world.
#TUT
Click below to trade 👇
The 4-hour RSI is around 42, with momentum still controlled by sellers and limited strength in any rebound. The zone above is one for bears to watch. If price rebounds into this area but fails to hold, the structure still supports further downside. A rebound is not a reversal—the key is whether volume confirms the downward pressure.
🔴 Trade direction: Short
📍 Entry zone: 0.0223384 – 0.0223774
🛑 Stop loss: 0.0228300
🎯 Take profit 1: 0.0220038
🎯 Take profit 2: 0.0217677
🎯 Take profit 3: 0.0214137
Take in the vastness of mountains and seas; observe the market’s every detail.
Join Uncle Xiong, and witness the rises and falls of the world.
#TUT
Click below to trade 👇