$TUT is up 33.1% in 24 hours, trading at 0.0462 after touching 0.0605 earlier today. Volume is $59M.
The move puts $TUT above both its EMA20 (0.0433) and EMA50 (0.0398), but still well off its 7-day high of 0.121. The RSI is 58, showing room for upside. This feels like a short-term bounce in a downtrend.
The desk is watching 0.0605. A clear close above that level, especially on a green day for the broader market (Fear & Greed is 41), would change the read. Until then, any move higher is suspect.
The desk says this bounce fails under 0.0605. Who's fading us?
$TUT
The move puts $TUT above both its EMA20 (0.0433) and EMA50 (0.0398), but still well off its 7-day high of 0.121. The RSI is 58, showing room for upside. This feels like a short-term bounce in a downtrend.
The desk is watching 0.0605. A clear close above that level, especially on a green day for the broader market (Fear & Greed is 41), would change the read. Until then, any move higher is suspect.
The desk says this bounce fails under 0.0605. Who's fading us?
$TUT