$TUT TUTUSDT â SHORT/BEARISH LEARNING đ
Price has made a very sharp pump and is highly extended.
RSI ~99.6 â extremely overbought, so a pullback is possible.
Major resistance: 0.220â0.337
Support: 0.145, then 0.070
Wait for a clear bearish candle/rejection and volume confirmation before considering the trend bearish.
Avoid chasing a short after a huge pump; volatility is extremely high.
#BIP110SoftForkAttemptBegins
#SouthKoreaProposesLooseningCryptoShareholderRules
#SenateReadiesSeptemberCLARITYActVote
Price has made a very sharp pump and is highly extended.
RSI ~99.6 â extremely overbought, so a pullback is possible.
Major resistance: 0.220â0.337
Support: 0.145, then 0.070
Wait for a clear bearish candle/rejection and volume confirmation before considering the trend bearish.
Avoid chasing a short after a huge pump; volatility is extremely high.
#BIP110SoftForkAttemptBegins
#SouthKoreaProposesLooseningCryptoShareholderRules
#SenateReadiesSeptemberCLARITYActVote
