$TUT USDT – FAKEOUT OR FAIL? BEARS STRIKE AFTER SPIKE
SHARP REJECTION FROM $0.062 ZONE
HEAVY SELL VOLUME ON RECENT CANDLE
$TUT attempted a breakout with a strong push toward $0.06248, but faced an immediate and aggressive sell-off, forming a long upper wick — a classic sign of bull trap. The price has now retraced back to $0.05752, wiping out most of the bullish move.
Volume confirms the reversal, with a high spike in red bars signaling distribution. If price breaks below $0.05680 support, we may see further downside toward $0.05450.
SHORT Entry: $0.05750
Target: $0.05450
Stop Loss: $0.05920
Momentum has flipped bearish after failed breakout. Caution for long holders.
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