The BTR strategy shared earlier has successfully captured its profit potential this round. The real breakout often comes after the giveaway. $TUT ’s rebound landed right at the lower edge of the previous high-volume trading zone. The daily price remains below the medium-term moving averages, while the moving averages on the four-hour and one-hour charts are both fanning downward. Structurally, this looks like a continuation of the downtrend rather than a reversal. Volume tells a similar story: the rebound is on declining volume, while the pullback is on rising volume, suggesting that buying support is weakening.
At this level, I’d rather wait for the price to bounce back to the resistance zone before considering a short, instead of chasing a red candle. As long as the key level holds, the bearish thesis remains intact; if it breaks, reassess.
🔴 Trade direction: Short
📍 Entry range: 0.0168766 – 0.0169190
🛑 Stop loss: 0.0174235
🎯 Take profit 1: 0.0165035
🎯 Take profit 2: 0.0162406
🎯 Take profit 3: 0.0158462
Gaze upon the vast mountains and seas; observe the market’s subtle movements.
Walk with Uncle Xiong, and witness the gains and losses of the world.
#TUT
Tap below to trade 👇
At this level, I’d rather wait for the price to bounce back to the resistance zone before considering a short, instead of chasing a red candle. As long as the key level holds, the bearish thesis remains intact; if it breaks, reassess.
🔴 Trade direction: Short
📍 Entry range: 0.0168766 – 0.0169190
🛑 Stop loss: 0.0174235
🎯 Take profit 1: 0.0165035
🎯 Take profit 2: 0.0162406
🎯 Take profit 3: 0.0158462
Gaze upon the vast mountains and seas; observe the market’s subtle movements.
Walk with Uncle Xiong, and witness the gains and losses of the world.
#TUT
Tap below to trade 👇