$TUT TUT/USDT (1h) Strong pump of +36% in the last 24h, breaking the previous structure with a very stretched candle and touching the high at 0,04317.
Resistance: 0,04317 (current top). Breaking strongly opens the way to seek new highs.
Immediate support: 0,04120 (fast moving average) and 0,03770 (top of the previous candle).
Chart is very vertically stretched.
Entering the market now is buying the top; the best is to wait for a pullback near 0,04120 to consider a Long with a tight stop, or to wait for a clear rejection at the top to look for a correction down to 0,03770.
Resistance: 0,04317 (current top). Breaking strongly opens the way to seek new highs.
Immediate support: 0,04120 (fast moving average) and 0,03770 (top of the previous candle).
Chart is very vertically stretched.
Entering the market now is buying the top; the best is to wait for a pullback near 0,04120 to consider a Long with a tight stop, or to wait for a clear rejection at the top to look for a correction down to 0,03770.