$TUT $TUT / USDT: Consolidation phase or bounce point? 📊
Analyzing the 15m chart for $TUT , we see a clear correction after the push toward 0.0516, and it is currently at 0.0403 (-9.47% in 24h).
Chart key points:
Local support: The price found a floor around 0.0370, showing a quick recovery from that level.
Positive macro outlook: Despite the intraday drop and -36.39% over 7 days, the token still shows an impressive +197.9% over 30 days and more than +250% over 90 days, confirming that the bottom structure remains strong.
Indicators & Order Book: StochRSI is showing overbought conditions on the short timeframe (71-78), while the order book reflects a sell pressure near 57% versus 42% buy at these levels.
Outlook:
The price is consolidating near 0.040. If support at 0.037 holds, we could see re-accumulation to target again the 0.045 - 0.050 zone. Losing 0.037 would open the door to deeper corrections.
What do you think? A support scalp entry, or are you waiting for confirmation of a breakout above? 💬👇
Analyzing the 15m chart for $TUT , we see a clear correction after the push toward 0.0516, and it is currently at 0.0403 (-9.47% in 24h).
Chart key points:
Local support: The price found a floor around 0.0370, showing a quick recovery from that level.
Positive macro outlook: Despite the intraday drop and -36.39% over 7 days, the token still shows an impressive +197.9% over 30 days and more than +250% over 90 days, confirming that the bottom structure remains strong.
Indicators & Order Book: StochRSI is showing overbought conditions on the short timeframe (71-78), while the order book reflects a sell pressure near 57% versus 42% buy at these levels.
Outlook:
The price is consolidating near 0.040. If support at 0.037 holds, we could see re-accumulation to target again the 0.045 - 0.050 zone. Losing 0.037 would open the door to deeper corrections.
What do you think? A support scalp entry, or are you waiting for confirmation of a breakout above? 💬👇