$TUT is currently trading near 0.01573, down around −2.2% in the last 24 hours after a clear rejection from the 0.01600–0.01625 resistance zone. That rejection was followed by a sharp impulsive move to the downside, breaking the previous short-term support and shifting market structure bearish.
On the 1H timeframe, price formed a lower high at 0.01602, then sold off aggressively toward 0.01564, which is now acting as a weak intraday support. The current bounce appears corrective rather than impulsive, suggesting sellers are still in control. Volume expansion on the sell candles further supports downside continuation.
As long as price remains below the 0.01595–0.01610 resistance area, downside risk remains elevated.
Trade Setup (Bearish Bias)
• Entry Zone: 0.01590 – 0.01610
• Target 1: 0.01540
• Target 2: 0.01505
• Target 3: 0.01460
• Stop Loss: 0.01640
If price revisits the resistance zone and shows rejection with weak volume, continuation toward lower liquidity levels is likely. A clean 1H close above 0.01640 with strong follow-through would invalidate this bearish setup and suggest a potential trend shift.
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