๐ TUT dropped 18% today. The bears are in full control and this is NOT over yet.
RSI 4h at 44.4 and declining. MACD negative and expanding bearish. Daily RSI sitting at 50.3 is the critical level โ break below 50 and the floor could drop fast. Volume is low at 0.45x which actually makes this MORE dangerous โ thin order books amplify moves.
๐ก Why This Trade?
When a coin dumps 18% on thin volume, it means sellers are not meeting much resistance. The daily RSI at 50 is the last line of defense. If it fails to hold, we could see another leg down toward $0.040. Play this one with caution.
๐ Trade Plan (Short Bias):
โข Short Entry: $0.04880 โ $0.05110 (on bounce)
โข Stop Loss: Above $0.052
โข Target: $0.04400 and lower
โ ๏ธ R:R 0.3 โ keep size tight. Do not fight the trend.
๐ค Bounce play or more downside? What are you seeing? ๐
#TUT #CryptoTrading #DYOR
โ ๏ธ Personal opinion, not financial advice. Always DYOR and manage your own risk.
RSI 4h at 44.4 and declining. MACD negative and expanding bearish. Daily RSI sitting at 50.3 is the critical level โ break below 50 and the floor could drop fast. Volume is low at 0.45x which actually makes this MORE dangerous โ thin order books amplify moves.
๐ก Why This Trade?
When a coin dumps 18% on thin volume, it means sellers are not meeting much resistance. The daily RSI at 50 is the last line of defense. If it fails to hold, we could see another leg down toward $0.040. Play this one with caution.
๐ Trade Plan (Short Bias):
โข Short Entry: $0.04880 โ $0.05110 (on bounce)
โข Stop Loss: Above $0.052
โข Target: $0.04400 and lower
โ ๏ธ R:R 0.3 โ keep size tight. Do not fight the trend.
๐ค Bounce play or more downside? What are you seeing? ๐
#TUT #CryptoTrading #DYOR
โ ๏ธ Personal opinion, not financial advice. Always DYOR and manage your own risk.