TUT Just Crashed 22.7% — Falling Knife or Discount Bin? 🔪
$0.0455, down nearly a quarter of its value in a single session. Volume is actually below average (0.53x) — which tells you this isn't panic selling, it's a slow bleed.
📊 The Picture:
Strong downtrend on 4H with price below both SMA7 ($0.0491) and SMA25 ($0.0489). 4H RSI at 43.7 is bearish but not oversold. Daily RSI sits at 50.1 — dead neutral, which means the daily chart hasn't confirmed the dump yet.
🎯 Why This Trade?
Here's the thing: volume is declining on the sell-off. That's not capitulation — that's lack of buyers. BUT, the daily chart shows price is still well above SMA99 ($0.0225), meaning the longer-term structure is intact. This could be a shakeout OR the start of a deeper correction.
📋 Trade Plan:
Entry: $0.0431 - $0.0479 (only if 4H shows reversal candles)
Stop Loss: $0.0392 (below the battle zone — no ambiguity)
TP1: $0.0473 | TP2: $0.0491 | TP3: $0.0509
R/R: 0.3 — high risk, needs confirmation before entry.
🧠 Are you buying this dip or running away? What's your line in the sand? 👇
#TUT #CryptoAnalysis #DYOR
⚠️ Disclaimer: Personal analysis, not financial advice. Catching falling knives is dangerous. Always DYOR and use proper position sizing.
$0.0455, down nearly a quarter of its value in a single session. Volume is actually below average (0.53x) — which tells you this isn't panic selling, it's a slow bleed.
📊 The Picture:
Strong downtrend on 4H with price below both SMA7 ($0.0491) and SMA25 ($0.0489). 4H RSI at 43.7 is bearish but not oversold. Daily RSI sits at 50.1 — dead neutral, which means the daily chart hasn't confirmed the dump yet.
🎯 Why This Trade?
Here's the thing: volume is declining on the sell-off. That's not capitulation — that's lack of buyers. BUT, the daily chart shows price is still well above SMA99 ($0.0225), meaning the longer-term structure is intact. This could be a shakeout OR the start of a deeper correction.
📋 Trade Plan:
Entry: $0.0431 - $0.0479 (only if 4H shows reversal candles)
Stop Loss: $0.0392 (below the battle zone — no ambiguity)
TP1: $0.0473 | TP2: $0.0491 | TP3: $0.0509
R/R: 0.3 — high risk, needs confirmation before entry.
🧠 Are you buying this dip or running away? What's your line in the sand? 👇
#TUT #CryptoAnalysis #DYOR
⚠️ Disclaimer: Personal analysis, not financial advice. Catching falling knives is dangerous. Always DYOR and use proper position sizing.