The downtrend and confirmation are moving in sync. The four-hour bearish moving-average alignment at $TUT remains intact, with the moving-average system continuing to cap rebounds. The one-hour RSI is around 34, and there are no signs of a reversal in weak momentum, suggesting that each bounce is more likely a correction than a reversal. The dense trading zone above is clear resistance: price has tested it repeatedly but failed to break through, and volume has not expanded in support.
Given this structure, I favor following the trend and looking for further downside rather than trying to call a bottom. A rebound is possible, but it would not change the current bearish framework.
🔴 Trade direction: Short
📍 Entry range: 0.0168277 – 0.0168917
🛑 Stop loss: 0.0176389
🎯 Take profit 1: 0.0162752
🎯 Take profit 2: 0.0158855
🎯 Take profit 3: 0.0153010
Take in the vastness of mountains and seas; observe the market’s finer details.
Join Uncle Xiong to witness the gains and losses of the world.
#TUT
Click below to trade 👇
Given this structure, I favor following the trend and looking for further downside rather than trying to call a bottom. A rebound is possible, but it would not change the current bearish framework.
🔴 Trade direction: Short
📍 Entry range: 0.0168277 – 0.0168917
🛑 Stop loss: 0.0176389
🎯 Take profit 1: 0.0162752
🎯 Take profit 2: 0.0158855
🎯 Take profit 3: 0.0153010
Take in the vastness of mountains and seas; observe the market’s finer details.
Join Uncle Xiong to witness the gains and losses of the world.
#TUT
Click below to trade 👇