$TUT /USDT BEARISH REVERSAL IN PLAY – SELLERS GAINING CONTROL BELOW KEY LEVELS
After testing a local high at $0.03995, $TUT/USDT has failed to hold momentum and is now trading lower near $0.03862, showing signs of a bearish reversal. The pair printed a lower high and broke below its short-term support near $0.03917, confirming selling pressure. Volume analysis shows a significant spike in TUT volume (85.76M) but without a corresponding increase in USDT volume, suggesting a distribution phase.
TRADE SETUP (SHORT):
Entry: $0.03860 - $0.03880
Targets (TP):
→ TP1: $0.03715
→ TP2: $0.03614
→ TP3 (Extended): $0.03536
Stop Loss (SL): $0.03995 (above recent high)
Market Outlook:
Momentum indicators are weakening, and price action confirms a breakdown from intraday support. Unless price reclaims $0.03995 with strong volume, the short-term trend favors bears. Traders should watch for further downside, especially if $0.03764 is breached.
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buy and trade here on $TUT