#TUTUSDT
you're looking to set up a short position (perpetual) on TUT/USDT, hereโs a refined live-analysis plan based on chart behavior and technical indicators:
๐ 1. Market Structure
Price recently broke below short-term EMAs (7, 25) and is hovering beneath the mid EMA (99), signaling continuing bearish momentum.
Recent spikes at ~0.0625 have been firmly rejectedโclear resistance zone.
๐ 2. Indicator Confirmation
RSI sitting around ~34 (from your last chart) and now dippingโmomentum is weak and supports a potential continuation downward.
MACD remains negative; no crossover yet to suggest bullish reversal.
Stochastic RSI still in oversold territory with slight bounce chance, but no strong trend flip yet.
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๐งญ 3. Entry Strategy for Short Position
Entry zone: Look for pullbacks toward EMA25โEMA99, around 0.0605โ0.0610. This would be a more conservative entry.
For a more aggressive play, consider shorting near 0.0595โ0.0600, assuming RSI doesnโt bounce and price shows rejection signs (like bearish candlestick patterns).
โ๏ธ 4. Risk Management
Stop-loss: Set just above the recent local high or EMA resistanceโaround 0.0615โ0.0620.
Targets:
Initial: recent swing low around 0.0580โ0.0585.
Secondary: 0.0565โ0.0570, where multiple historical bounces occurred.
๐ 5. Trade Checklist Before Shorting
โ Price must retrace upward toward entry zone.
โ Confirm rejection through bearish candle or wick.
โ Indicators (RSI/Stoch) show no sudden bullish reversal.
โ Volume picks up on rejection candleโadds conviction.
โ ๏ธ Caution
If broader market turns bullish or BTC rallies unexpectedly, indicators could reverse quicklyโso this is inherently a reactionary short (based on resistance) rather than a breakout setup.
๐ฏ Execution Recap
Step Criteria
Entry ~0.0600โ0.0605 on rejection setup
Stop-loss ~0.0615โ0.0620 (above EMAs)
Take Profit 1 ~0.0580
