💥 TUT just faceplanted -25% in one session. Bloodbath or opportunity? Let's break it down.
TUT is sitting at $0.04004 with $29.1M in volume. The 4H RSI is at 38.1 (approaching oversold) and MACD is deeply negative (-0.0017). Price has collapsed well below SMA7 ($0.0457) and SMA25 ($0.0484) on the 4H. Daily RSI at 48.3 shows this is the first major sell-off after a run.
📊 Why This Trade?
After a violent -25% drop, a relief bounce is statistically likely. But this is counter-trend — high risk, tight targets only. Volume at 0.82x suggests selling pressure isn't exhausted yet.
🎯 Trade Plan:
• Entry: $0.0374 - $0.0427 (wait for stabilization)
• Stop Loss: $0.0330 (below psychological $0.035)
• TP1: $0.0416 (bounce to 4H SMA7 area)
• TP2: $0.0432 (partial recovery)
• ⚠️ High risk — position size accordingly
🤔 Would you catch this knife or wait for the dust to settle? Let me know! 🔪
#TUT #CryptoTrading #DYOR
⚠️ Disclaimer: Not financial advice. Do your own research. Trade only what you can afford to lose.
TUT is sitting at $0.04004 with $29.1M in volume. The 4H RSI is at 38.1 (approaching oversold) and MACD is deeply negative (-0.0017). Price has collapsed well below SMA7 ($0.0457) and SMA25 ($0.0484) on the 4H. Daily RSI at 48.3 shows this is the first major sell-off after a run.
📊 Why This Trade?
After a violent -25% drop, a relief bounce is statistically likely. But this is counter-trend — high risk, tight targets only. Volume at 0.82x suggests selling pressure isn't exhausted yet.
🎯 Trade Plan:
• Entry: $0.0374 - $0.0427 (wait for stabilization)
• Stop Loss: $0.0330 (below psychological $0.035)
• TP1: $0.0416 (bounce to 4H SMA7 area)
• TP2: $0.0432 (partial recovery)
• ⚠️ High risk — position size accordingly
🤔 Would you catch this knife or wait for the dust to settle? Let me know! 🔪
#TUT #CryptoTrading #DYOR
⚠️ Disclaimer: Not financial advice. Do your own research. Trade only what you can afford to lose.