🚨 TUT/USDT: Tutorial Token Sees Recent Decline! Is a Reversal Ahead or More Pain?
Market Outlook: After a significant rally in recent months, Tutorial ($TUT) has entered a period of price weakness, experiencing a recent 24-hour decline. The current price is hovering around $0.060, retracing from its recent all-time high of $0.082 reached on July 26, 2025. Given its "Seed Tag" status on Binance, TUT is prone to higher volatility.
💡 Futures Trading Plan (Neutral Stance):
🟩 Long Entry Trigger: Wait for a sustained bounce and candle close ABOVE the resistance level of $0.063 on a higher timeframe (e.g., 4H or Daily) with significant volume. A retest of this level as support could also present a conservative long entry.
💰Targets: $0.068, $0.072, and potentially towards the recent all-time high at $0.082.
🛑Stop Loss: Below the immediate support at $0.058.
🟥 Short Entry Trigger: Consider a short if the price breaks BELOW the crucial support level around $0.058 with a closing candle on a higher timeframe. This would indicate a continuation of the recent downtrend towards lower support levels.
💰Targets: $0.055, $0.052, and potentially towards $0.045.
🛑Stop Loss: Above the swing high or around $0.063.
Your Action Plan:
01 - Wait for Confirmation: TUT is currently in a high-volatility zone. Do not enter a trade until a clear breakout or breakdown is confirmed by a candle close on a relevant timeframe.
02 - Use a Stop-Loss: Given the asset's history of volatility and the Seed Tag warning, a stop-loss is non-negotiable. It is essential for managing risk and protecting your capital.
03 - Manage Your Risk: Do not over-leverage your position, especially given the recent price swings and potential for high volatility. Assess your risk tolerance and size your trades accordingly.
📢 What are your thoughts?
Vote: Do you think TUT will find support and resume its uptrend, or will the selling pressure continue?
Bounce and Recover 🚀
Further Decline 📉
Comment: Share your analysis below!