๐จ TUT: โCan I go up again?โ โ Chart: โFirst, clear those MAs!โ ๐
TUT is currently trading around $0.0609.
The 1H candle is showing a +2.31% move ๐ข
But zoom out, and the picture gets a little more interestingโฆ
๐ MA(7): $0.06345
๐ MA(25): $0.07022
๐ MA(99): $0.11705
TUT is still trading below all three major moving averages.
In simple terms:
+2% = Nice little smile ๐
Break MA(7) = Good start ๐
Reclaim MA(25) = Confidence ๐
Reclaim MA(99) = Then we can talk about a real party ๐
Another thing stands out: after the previous major pump, TUT has fallen significantly, while trading volume is also much lower than during the big move.
So calling this a โnew bull runโ based on one green candle would be a little too early.
Is TUT preparing for a real trend reversal, or is this just another short-term bounce? ๐ค๐
#TUT #Crypto #TechnicalAnalysis #MarketUpdate
TUT is currently trading around $0.0609.
The 1H candle is showing a +2.31% move ๐ข
But zoom out, and the picture gets a little more interestingโฆ
๐ MA(7): $0.06345
๐ MA(25): $0.07022
๐ MA(99): $0.11705
TUT is still trading below all three major moving averages.
In simple terms:
+2% = Nice little smile ๐
Break MA(7) = Good start ๐
Reclaim MA(25) = Confidence ๐
Reclaim MA(99) = Then we can talk about a real party ๐
Another thing stands out: after the previous major pump, TUT has fallen significantly, while trading volume is also much lower than during the big move.
So calling this a โnew bull runโ based on one green candle would be a little too early.
Is TUT preparing for a real trend reversal, or is this just another short-term bounce? ๐ค๐
#TUT #Crypto #TechnicalAnalysis #MarketUpdate