Momentum is converging, but the divergence remains unresolved. The four-hour moving-average structure for $TUT is still weighing on price. Price continues to hug the levels below EMA50 and EMA200, and the bearish alignment remains intact. In this setup, a rebound looks more like an opportunity for bears to add positions than a trend reversal. The one-hour chart is also still under pressure, with RSI hovering around 42 and sellers holding the upper hand.
As long as the rebound fails to break above the key range, the structure remains tilted to the downside. The bottom area could attract a strong wave of buying, so avoid taking on too much size; timing matters more than direction.
🔴 Trade direction: Short
📍 Entry range: 0.0221016 – 0.0221364
🛑 Stop-loss: 0.0224847
🎯 Take-profit 1: 0.0218447
🎯 Take-profit 2: 0.0216619
🎯 Take-profit 3: 0.0213876
Take in the vastness of mountains and seas; observe the market’s subtle shifts.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#TUT
Click below to trade 👇
As long as the rebound fails to break above the key range, the structure remains tilted to the downside. The bottom area could attract a strong wave of buying, so avoid taking on too much size; timing matters more than direction.
🔴 Trade direction: Short
📍 Entry range: 0.0221016 – 0.0221364
🛑 Stop-loss: 0.0224847
🎯 Take-profit 1: 0.0218447
🎯 Take-profit 2: 0.0216619
🎯 Take-profit 3: 0.0213876
Take in the vastness of mountains and seas; observe the market’s subtle shifts.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#TUT
Click below to trade 👇