The HEMI strategy mentioned earlier has successfully captured its profit potential this round. The window is narrowing, while divergence is widening—and the market structure for $TUT has made things fairly clear. Prices on both the four-hour and one-hour charts are below the two moving averages. The bearish alignment remains intact, RSI is in the weak zone, and selling momentum is still continuing. On the daily chart, the broader market is still range-bound, which means a rebound is possible, but its staying power is uncertain.
If volume fails to pick up near key levels, a downward test of the previous low becomes more likely. Given this structure, I’d look to open short positions where the rebound loses steam, rather than trying to catch a falling knife. The risk is that the lower end of the range could trigger a short-term bounce, so keep position sizes in check.
🔴 Trade direction: Short
📍 Entry range: 0.0196759 – 0.0197541
🛑 Stop-loss: 0.0205156
🎯 Take-profit 1: 0.0191146
🎯 Take-profit 2: 0.0187143
🎯 Take-profit 3: 0.0181138
Gaze upon the vastness of mountains and seas; observe the market’s smallest details.
Walk with Uncle Xiong, and witness the gains and losses of the world.
#TUT
Tap below to trade 👇
If volume fails to pick up near key levels, a downward test of the previous low becomes more likely. Given this structure, I’d look to open short positions where the rebound loses steam, rather than trying to catch a falling knife. The risk is that the lower end of the range could trigger a short-term bounce, so keep position sizes in check.
🔴 Trade direction: Short
📍 Entry range: 0.0196759 – 0.0197541
🛑 Stop-loss: 0.0205156
🎯 Take-profit 1: 0.0191146
🎯 Take-profit 2: 0.0187143
🎯 Take-profit 3: 0.0181138
Gaze upon the vastness of mountains and seas; observe the market’s smallest details.
Walk with Uncle Xiong, and witness the gains and losses of the world.
#TUT
Tap below to trade 👇