The SNDK strategy shared earlier has successfully reached its profit target range. Beneath the surface, there are often hidden traps. The daily chart structure for $TUT has made the direction very clear—the price is below a cluster of moving averages, and every rebound gets pushed back down. I don’t see this price action as bottom formation.
There’s no sign of increased buying volume to support the price, which suggests that bulls are putting up only sporadic resistance, not signaling a trend reversal. The resistance zone above the key level has yet to be decisively reclaimed, and the structure remains bearish. So I’d rather follow the broader trend and look for points where a rebound runs out of steam to position for a move down, rather than try to call the bottom.
🔴 Trade direction: Short
📍 Entry range: 0.0147711 – 0.0148163
🛑 Stop loss: 0.0153351
🎯 Take profit 1: 0.0143876
🎯 Take profit 2: 0.0141169
🎯 Take profit 3: 0.0137108
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong, and witness the ebb and flow of fortune.
#TUT
Click below to trade 👇
There’s no sign of increased buying volume to support the price, which suggests that bulls are putting up only sporadic resistance, not signaling a trend reversal. The resistance zone above the key level has yet to be decisively reclaimed, and the structure remains bearish. So I’d rather follow the broader trend and look for points where a rebound runs out of steam to position for a move down, rather than try to call the bottom.
🔴 Trade direction: Short
📍 Entry range: 0.0147711 – 0.0148163
🛑 Stop loss: 0.0153351
🎯 Take profit 1: 0.0143876
🎯 Take profit 2: 0.0141169
🎯 Take profit 3: 0.0137108
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong, and witness the ebb and flow of fortune.
#TUT
Click below to trade 👇