Before the breakout, let’s look at the hard evidence. $TUT —this time, I’m siding with the structure, not emotions. The daily moving averages are pressing down firmly, and the price hasn’t even managed to reclaim the EMA50. The bearish alignment is clear, and there’s little to argue about: the broader trend is down. The rebounds on the shorter time frames are getting weaker each time, and volume is lackluster too. These kinds of rebounds look more like opportunities for bears.
We trade for certainty. With resistance overhead repeatedly holding firm, I’d rather go with the broader trend and wait for a pullback. A rebound is possible, but it doesn’t change the fact that the structure is bearish. The real opportunity opens up only when key levels break.
🔴 Trading direction: Short
📍 Entry range: 0.0164206 – 0.0164876
🛑 Stop-loss: 0.0173903
🎯 Take-profit 1: 0.0157519
🎯 Take-profit 2: 0.0152838
🎯 Take-profit 3: 0.0145815
There’s no need to chase the trend; it will settle in on its own.
Stand shoulder to shoulder with Sister Li, and make every moment count.
#TUT
Click below to trade 👇
We trade for certainty. With resistance overhead repeatedly holding firm, I’d rather go with the broader trend and wait for a pullback. A rebound is possible, but it doesn’t change the fact that the structure is bearish. The real opportunity opens up only when key levels break.
🔴 Trading direction: Short
📍 Entry range: 0.0164206 – 0.0164876
🛑 Stop-loss: 0.0173903
🎯 Take-profit 1: 0.0157519
🎯 Take-profit 2: 0.0152838
🎯 Take-profit 3: 0.0145815
There’s no need to chase the trend; it will settle in on its own.
Stand shoulder to shoulder with Sister Li, and make every moment count.
#TUT
Click below to trade 👇