๐ฉธ $TUT BREAKS DOWN AFTER SMART MONEY DISTRIBUTION AT THE HIGHS! ๐จ
Entry: 0.06100 - 0.06280 โก
Target: 0.05800 / 0.05400 / 0.04850 ๐ฏ
Stop Loss: 0.06650 โ ๏ธ
That brutal wick to 0.08282 exposed heavy distribution from smart money, leaving aggressive breakout buyers trapped up top. ๐ Open interest collapsed 12% over 24 hours as overleveraged longs were flushed, while aggressive taker sell volume continues to dominate the tape.
Price is now rolling over below the 1H EMA21, flipping broken structure into strong overhead resistance. ๐ With the EMA50 barely holding on, this relief move carries every technical signature of a dead-cat retest before sellers trigger the next leg down. ๐ฌ Are you taking the short retest here, or sitting on your hands until support breaks? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #TUT #ShortSetup #Bearish #CryptoTrading
๐ ๐ป
Entry: 0.06100 - 0.06280 โก
Target: 0.05800 / 0.05400 / 0.04850 ๐ฏ
Stop Loss: 0.06650 โ ๏ธ
That brutal wick to 0.08282 exposed heavy distribution from smart money, leaving aggressive breakout buyers trapped up top. ๐ Open interest collapsed 12% over 24 hours as overleveraged longs were flushed, while aggressive taker sell volume continues to dominate the tape.
Price is now rolling over below the 1H EMA21, flipping broken structure into strong overhead resistance. ๐ With the EMA50 barely holding on, this relief move carries every technical signature of a dead-cat retest before sellers trigger the next leg down. ๐ฌ Are you taking the short retest here, or sitting on your hands until support breaks? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #TUT #ShortSetup #Bearish #CryptoTrading
๐ ๐ป