TUT is down 10.5% today and the charts are screaming oversold.
Price dropped to $0.0356 with 4H RSI at 35.7, deep in bearish territory. MACD on the 4H shows accelerating selling pressure. The 4H price is below both SMA7 ($0.0375) and SMA25 ($0.0458). Every moving average is stacked bearishly above.
But heres what caught my eye: daily RSI at 46.9. Not extreme. And volume is normal (0.91x), not a panic dump. This looks like a controlled pullback, not a collapse.
Trade Plan (counter-trend bounce):
Entry: $0.0337 - $0.0376
Stop Loss: $0.0306
TP1: $0.0370
TP2: $0.0385
TP3: $0.0399
R:R = 0.3:1
High risk, tight stop mandatory. This is a bounce play, not a trend reversal.
Would you catch this knife or let it find a bottom first?
#TUT #DYOR
Disclaimer: This is not financial advice. Always do your own research before trading.
Price dropped to $0.0356 with 4H RSI at 35.7, deep in bearish territory. MACD on the 4H shows accelerating selling pressure. The 4H price is below both SMA7 ($0.0375) and SMA25 ($0.0458). Every moving average is stacked bearishly above.
But heres what caught my eye: daily RSI at 46.9. Not extreme. And volume is normal (0.91x), not a panic dump. This looks like a controlled pullback, not a collapse.
Trade Plan (counter-trend bounce):
Entry: $0.0337 - $0.0376
Stop Loss: $0.0306
TP1: $0.0370
TP2: $0.0385
TP3: $0.0399
R:R = 0.3:1
High risk, tight stop mandatory. This is a bounce play, not a trend reversal.
Would you catch this knife or let it find a bottom first?
#TUT #DYOR
Disclaimer: This is not financial advice. Always do your own research before trading.