We’re spotting a potential short setup as TUT 
TUTUSDT.P approaches a key support level with increasing selling pressure.
Market Recap & Why This Looks Bearish:
Strong rejection from the $0.0498 – $0.0525 resistance zone.
Price failed to hold momentum and is grinding lower.
Support at $0.0372 – $0.0369 is being tested again – multiple retests weaken the level, making a breakdown likely.
Short Setup & Targets:
Entry: Below $0.0372 (after confirmation of breakdown)
Targets:
$0.0328 (first TP)
$0.0287 (strong support)
$0.0229 – $0.0250 (final TP for full breakdown)
Stop Loss: Above $0.0400 (to avoid a liquidity grab)
Trade Scenario:
1️⃣ If $0.0372 breaks, we enter short for $0.0328+ targets.
2️⃣ If price bounces off support, we wait for a better re-entry on the next rejection.
3️⃣ Fakeouts possible! Watch for a liquidity grab before confirmation.
️ Final Thoughts
Bearish Bias – Sellers are in control unless we see strong bullish reaction.
Patience is Key – Wait for a clear breakdown before entering.
Manage Risk! – Use proper stop-loss & don’t overleverage.
Follow for more setups!
Are you shorting this? Drop your thoughts below!