$TUT Analysis
Trend: đą Strong bullish
Price is in a clear parabolic uptrend and trading well above EMA
Resistance: 0.06983 â 0.07212
Support: 0.06205 â 0.0550 â 0.05066
RSI: 93.25 â ïž Extremely overbought
Volume: Very strong, confirming the current momentum.
đ Possible Scenarios
Bullish: A strong 1H close above 0.06983â0.07212 with volume could open the way for further upside.
Pullback: Because RSI is above 93, chasing a long at 0.067â0.069 is high risk. A pullback toward 0.062â0.055 would provide a safer area to watch for a new long setup.
My view: đ„ Bullish trend, but highly overextended. Better to wait for either a confirmed breakout or a healthy retracement rather than FOMO-buying at the top.
#VIXFallsToJanuaryLow #IraqOilExportsFall75% #TurkeyRestrictsBlackSeaShipTraffic #ThuneFilesClarityActClotureMotion
Trend: đą Strong bullish
Price is in a clear parabolic uptrend and trading well above EMA
Resistance: 0.06983 â 0.07212
Support: 0.06205 â 0.0550 â 0.05066
RSI: 93.25 â ïž Extremely overbought
Volume: Very strong, confirming the current momentum.
đ Possible Scenarios
Bullish: A strong 1H close above 0.06983â0.07212 with volume could open the way for further upside.
Pullback: Because RSI is above 93, chasing a long at 0.067â0.069 is high risk. A pullback toward 0.062â0.055 would provide a safer area to watch for a new long setup.
My view: đ„ Bullish trend, but highly overextended. Better to wait for either a confirmed breakout or a healthy retracement rather than FOMO-buying at the top.
#VIXFallsToJanuaryLow #IraqOilExportsFall75% #TurkeyRestrictsBlackSeaShipTraffic #ThuneFilesClarityActClotureMotion