A move is underway. These few candlesticks around $TUT look like they may be giving up some ground, but let’s not rush to turn bullish. The daily trend is still weighing on price, while the four-hour and hourly timeframes are both weakening. Each rebound is weaker than the last, and volume hasn’t picked up either. At this point, I’d treat this as a bounce rather than a reversal. Price has tested the resistance zone overhead repeatedly but failed to hold above it, suggesting buyers can’t sustain the push.
Once the key level breaks, there’ll naturally be room to move lower, making a short trade more attractive. Keep an eye on volume during any rebound, and don’t let one or two bullish candles throw off your read of the market.
🔴 Trade direction: Short
📍 Entry range: 0.0161779 – 0.0162469
🛑 Stop loss: 0.0169170
🎯 Take profit 1: 0.0156839
🎯 Take profit 2: 0.0153315
🎯 Take profit 3: 0.0148031
There’s no need to chase the trend; it will come to a stop on its own.
Stand alongside Sister Li, and let every moment leave an echo.
#TUT
Click below to trade 👇
Once the key level breaks, there’ll naturally be room to move lower, making a short trade more attractive. Keep an eye on volume during any rebound, and don’t let one or two bullish candles throw off your read of the market.
🔴 Trade direction: Short
📍 Entry range: 0.0161779 – 0.0162469
🛑 Stop loss: 0.0169170
🎯 Take profit 1: 0.0156839
🎯 Take profit 2: 0.0153315
🎯 Take profit 3: 0.0148031
There’s no need to chase the trend; it will come to a stop on its own.
Stand alongside Sister Li, and let every moment leave an echo.
#TUT
Click below to trade 👇