Technical Analysis: TUTUSDT (Tutorial - Perpetual Futures Market) on a 2-Hour timeframe (2h)
Analysis of the TUTUSDT pair, which is experiencing a strong correction of -19.82%, trading at 0.03860 USDT after losing key supports and marking a recent low at 0.03666 USDT.
Key market data:
Last price / Mark price: 0.03860 USDT (-19.82%).
24h High: 0.04946 USDT.
24h Low: 0.03666 USDT.
24h Volume: 1.96B TUT / 84.50M USDT.
Market: Perpetual Futures / Binance.
Key technical levels and indicators (2h):
Moving Averages:
MA(7): 0.04120 USDT (dynamic and immediate resistance).
MA(25): 0.04915 USDT (intermediate resistance).
MA(99): 0.04949 USDT (higher structural resistance).
SuperTrend (10,3): Markedly bearish (red), setting its resistance at 0.04835 USDT.
Reference points:
Local resistance: Recent top around 0.05017 USDT.
Key defensive support: Bottom of the bearish impulse at 0.03666 USDT.
Outlook:
TUTUSDT shows a strongly bearish bias on the 2-hour timeframe. After breaking down from the consolidation range near 0.05000 USDT, selling pressure triggered a sharp downward move that pushed the price to register lows at 0.03666 USDT.
Currently, the price is trying to consolidate a base above 0.03666 USDT, encountering resistance at the fast moving average MA(7) (0.04120 USDT). To project a sustained technical recovery or a short-term structure change, the asset must break above 0.04120 USDT and move toward the defensive SuperTrend zone at 0.04835 USDT. If selling volume intensifies and the price fails to hold the current range, losing 0.03666 USDT would continue the downtrend in search of new lows.
(Disclaimer: Structured informational content for Binance Square. Not financial or investment advice. Always do your own research).
#TUT #Crypto #Futures #Trading #BinanceSquare #TechnicalAnalysis #Altcoins
Analysis of the TUTUSDT pair, which is experiencing a strong correction of -19.82%, trading at 0.03860 USDT after losing key supports and marking a recent low at 0.03666 USDT.
Key market data:
Last price / Mark price: 0.03860 USDT (-19.82%).
24h High: 0.04946 USDT.
24h Low: 0.03666 USDT.
24h Volume: 1.96B TUT / 84.50M USDT.
Market: Perpetual Futures / Binance.
Key technical levels and indicators (2h):
Moving Averages:
MA(7): 0.04120 USDT (dynamic and immediate resistance).
MA(25): 0.04915 USDT (intermediate resistance).
MA(99): 0.04949 USDT (higher structural resistance).
SuperTrend (10,3): Markedly bearish (red), setting its resistance at 0.04835 USDT.
Reference points:
Local resistance: Recent top around 0.05017 USDT.
Key defensive support: Bottom of the bearish impulse at 0.03666 USDT.
Outlook:
TUTUSDT shows a strongly bearish bias on the 2-hour timeframe. After breaking down from the consolidation range near 0.05000 USDT, selling pressure triggered a sharp downward move that pushed the price to register lows at 0.03666 USDT.
Currently, the price is trying to consolidate a base above 0.03666 USDT, encountering resistance at the fast moving average MA(7) (0.04120 USDT). To project a sustained technical recovery or a short-term structure change, the asset must break above 0.04120 USDT and move toward the defensive SuperTrend zone at 0.04835 USDT. If selling volume intensifies and the price fails to hold the current range, losing 0.03666 USDT would continue the downtrend in search of new lows.
(Disclaimer: Structured informational content for Binance Square. Not financial or investment advice. Always do your own research).
#TUT #Crypto #Futures #Trading #BinanceSquare #TechnicalAnalysis #Altcoins
