TUTUSDT | 4H Technical Outlook
The price action on TUTUSDT is currently shaping up into a classic rising wedge formation on the 4-hour timeframe, a pattern that historically carries a bearish bias, especially after an extended upside move like the one we’ve seen recently.
We’ve observed multiple rejections from the upper trendline near the 0.065–0.066 region, suggesting that bullish momentum is starting to fade. Despite the higher highs and higher lows, the upper boundary of the wedge is flattening, a typical sign of buyer exhaustion. Sellers are slowly stepping in, and the imbalance is beginning to tilt.
There’s a possibility of one last fakeout move, a minor sweep of the highs around 0.0655–0.0660 — designed to trap breakout traders. If that move is followed by a strong rejection and a close back inside the wedge, it would increase the probability of a breakdown scenario playing out.
The key level to watch is 0.0590 the lower boundary of the wedge. A decisive breakdown below this level, especially with volume confirmation, would likely trigger a sharper correction.
Downside targets if breakdown confirms
First target: 0.0522 (previous minor demand zone)
Second target: 0.0480 (structural support)
Extended targets: 0.0440 and 0.0400 (swing supports from the previous rally base)
However, if bulls manage to push price above the 0.0660 zone and hold it with strength, this rising wedge setup will be invalidated and may turn into a continuation move to the upside.
Setup is leaning bearish. Rising wedge + signs of exhaustion + trapped longs potential. Waiting for confirmation of the breakdown before entering. No need to front-run. Let the market confirm its direction.
Stay alert, manage risk tightly, and avoid chasing the first fakeout.
The price action on TUTUSDT is currently shaping up into a classic rising wedge formation on the 4-hour timeframe, a pattern that historically carries a bearish bias, especially after an extended upside move like the one we’ve seen recently.
We’ve observed multiple rejections from the upper trendline near the 0.065–0.066 region, suggesting that bullish momentum is starting to fade. Despite the higher highs and higher lows, the upper boundary of the wedge is flattening, a typical sign of buyer exhaustion. Sellers are slowly stepping in, and the imbalance is beginning to tilt.
There’s a possibility of one last fakeout move, a minor sweep of the highs around 0.0655–0.0660 — designed to trap breakout traders. If that move is followed by a strong rejection and a close back inside the wedge, it would increase the probability of a breakdown scenario playing out.
The key level to watch is 0.0590 the lower boundary of the wedge. A decisive breakdown below this level, especially with volume confirmation, would likely trigger a sharper correction.
Downside targets if breakdown confirms
First target: 0.0522 (previous minor demand zone)
Second target: 0.0480 (structural support)
Extended targets: 0.0440 and 0.0400 (swing supports from the previous rally base)
However, if bulls manage to push price above the 0.0660 zone and hold it with strength, this rising wedge setup will be invalidated and may turn into a continuation move to the upside.
Setup is leaning bearish. Rising wedge + signs of exhaustion + trapped longs potential. Waiting for confirmation of the breakdown before entering. No need to front-run. Let the market confirm its direction.
Stay alert, manage risk tightly, and avoid chasing the first fakeout.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.