The META strategy shared earlier has successfully captured its profit potential this round. Hidden beneath the surface, there are often traps—and these candlesticks around $TUT make things pretty clear. Prices on both the daily and four-hour charts are pinned below the moving-average system, with the EMA50 and EMA200 stacked overhead. In this setup, any rebound is simply making way for the bears. The short-term ADX reading shows buyers pushing—but can they keep it up?
Volume hasn’t followed through, making this rebound look more like a bull trap. Price loses steam as soon as it touches the upper boundary of the key level, while the downside looks much more open. A small short position makes sense here—the trend hasn’t changed, and countertrend momentum can’t hold out for long.
🔴 Trade direction: Short
📍 Entry range: 0.0165287 – 0.0165809
🛑 Stop loss: 0.0170814
🎯 Take profit 1: 0.0161599
🎯 Take profit 2: 0.0158966
🎯 Take profit 3: 0.0155017
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#TUT
Click below to trade 👇
Volume hasn’t followed through, making this rebound look more like a bull trap. Price loses steam as soon as it touches the upper boundary of the key level, while the downside looks much more open. A small short position makes sense here—the trend hasn’t changed, and countertrend momentum can’t hold out for long.
🔴 Trade direction: Short
📍 Entry range: 0.0165287 – 0.0165809
🛑 Stop loss: 0.0170814
🎯 Take profit 1: 0.0161599
🎯 Take profit 2: 0.0158966
🎯 Take profit 3: 0.0155017
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#TUT
Click below to trade 👇