$TUT is showing a nice little bounce, but I wouldn’t call it a full reversal yet.
Right now, price is around $0.0775 and has bounced from the $0.0613 low. The RSI is also recovering, which is a good sign.
The main level I’m watching is $0.083–0.084. If TUT can break and hold above that with good volume, we could see $0.093 next, and possibly $0.098–0.10 after that.
On the downside, $0.073–0.074 is important. If that breaks, the bounce could weaken and we might see $0.067 or even $0.061 again.
So basically: short-term bounce looks bullish 🟢, but the bigger trend is still bearish 🔴 until it breaks above $0.093–
0.
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