We played the AVA move we just discussed perfectly and locked in some solid gains. The timing window and entry point lined up, and the current market structure for $TUT is actually pretty straightforward. Both the four-hour and one-hour charts are being capped below the moving averages, and the trend direction hasn't changed. Trying to go against the trend here would only make things harder.
Take a look: the RSI is just above 40, which shows that selling pressure is still in control. Bitcoin isn't looking strong either, so any rebound could easily get knocked back. The moving averages overhead form a natural resistance zone. If the price bounces up there but volume fails to follow, that's the opportunity we've been waiting for. There's no need to rush into a trade. Until the structure turns, looking for an entry near resistance is much more comfortable than trying to guess the bottom.
🔴 Trade direction: Short
📍 Entry range: 0.0198543 – 0.0198963
🛑 Stop loss: 0.0203334
🎯 Take profit 1: 0.0195318
🎯 Take profit 2: 0.0193028
🎯 Take profit 3: 0.0189593
No need to chase the prevailing winds; they'll come to you.
Stand alongside Sister Li, and make every moment count.
#TUT
Click below to trade 👇
Take a look: the RSI is just above 40, which shows that selling pressure is still in control. Bitcoin isn't looking strong either, so any rebound could easily get knocked back. The moving averages overhead form a natural resistance zone. If the price bounces up there but volume fails to follow, that's the opportunity we've been waiting for. There's no need to rush into a trade. Until the structure turns, looking for an entry near resistance is much more comfortable than trying to guess the bottom.
🔴 Trade direction: Short
📍 Entry range: 0.0198543 – 0.0198963
🛑 Stop loss: 0.0203334
🎯 Take profit 1: 0.0195318
🎯 Take profit 2: 0.0193028
🎯 Take profit 3: 0.0189593
No need to chase the prevailing winds; they'll come to you.
Stand alongside Sister Li, and make every moment count.
#TUT
Click below to trade 👇