The HYPE strategy shared earlier has now successfully secured its profit potential. The final window won’t wait, and the market structure for $TUT is showing bearish signals. On the 4-hour chart, price is held down by both the EMA50 and EMA200, with the moving averages fully aligned bearishly—this isn’t a setup that sideways trading can resolve. The 1-hour chart is also trading below both moving averages, with the RSI near 40, as sellers continue to dominate momentum.
The 15-minute ADX reading is above 25, indicating that short-term momentum is coming from the bears rather than choppy market noise. The daily chart is still range-bound, but the medium- and short-term timeframes have aligned to the downside. My view is that a rebound into the overhead supply zone would offer an opportunity to enter a short position. This thesis is invalidated only if price climbs back above the top of the entry range.
🔴 Trade direction: Short
📍 Entry range: 0.0219926 – 0.0220344
🛑 Stop loss: 0.0224256
🎯 Take profit 1: 0.0217044
🎯 Take profit 2: 0.0214983
🎯 Take profit 3: 0.0211892
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#TUT
Click below to trade 👇
The 15-minute ADX reading is above 25, indicating that short-term momentum is coming from the bears rather than choppy market noise. The daily chart is still range-bound, but the medium- and short-term timeframes have aligned to the downside. My view is that a rebound into the overhead supply zone would offer an opportunity to enter a short position. This thesis is invalidated only if price climbs back above the top of the entry range.
🔴 Trade direction: Short
📍 Entry range: 0.0219926 – 0.0220344
🛑 Stop loss: 0.0224256
🎯 Take profit 1: 0.0217044
🎯 Take profit 2: 0.0214983
🎯 Take profit 3: 0.0211892
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#TUT
Click below to trade 👇