Advice for anyone trading futures contracts on TUTUSDT:
1. Do not enter late into an upward trend, especially if the currency is up +150% in one day.
2. Watch the RSI indicator closely; if it reaches above 70, this indicates overbought conditions and means a downturn could be near.
3. Candles at the upper Bollinger Band (BOLL) = potential for a significant reversal or correction.
4. No matter how enticing the market looks, do not chase the upward movement… patience during a downturn provides stronger and safer scalping opportunities.
5. Open a short position only when:
• momentum starts to weaken (RSI drops)
• inverse candles appear
• volume starts to decrease and buying pressure weakens
6. Don’t forget the stop loss (Stop Loss) – because without a stop, one trade could wipe out your entire capital.
7. Speculation is not luck; it is reading market movements with steady nerves and discipline.
Follow the indicators, do not follow emotions.