$TUT 🚀 Technical Analysis: TUT/USDT (Perp) 📊
Potential bullish scenario 🟢 🚀 🤑
Retest of 0.020?
The price of $TUT is showing signs of recovery after finding key support and a local bottom at 0.01758. It is currently trading around 0.01866 USDT.
📈 Key Market Points:
* 4h / 1h Timeframes: Technical rebound structure following the previous downward move. The fast EMAs (7 and 25) are converging around 0.0185, attempting to establish a solid consolidation base, while the EMA(99) is acting as overhead dynamic resistance.
* Short Term (15m): Indicators such as the RSI (~77) and StochRSI (~98) are showing overbought levels, pointing to a high probability of a small pullback or temporary pause before further moves.
* Order Book: The bias remains favorable for buyers, with demand dominance at 63.24% versus 36.76% for supply.
💡 Outlook: The asset is in an interesting stabilization zone following its rebound from the bottom. It’s worth keeping a close eye on price action amid possible short-term corrections to assess whether the bullish momentum will continue.
What do you think of the outlook for TUT? I’d love to hear your thoughts in the comments! 👇
Potential bullish scenario 🟢 🚀 🤑
Retest of 0.020?
The price of $TUT is showing signs of recovery after finding key support and a local bottom at 0.01758. It is currently trading around 0.01866 USDT.
📈 Key Market Points:
* 4h / 1h Timeframes: Technical rebound structure following the previous downward move. The fast EMAs (7 and 25) are converging around 0.0185, attempting to establish a solid consolidation base, while the EMA(99) is acting as overhead dynamic resistance.
* Short Term (15m): Indicators such as the RSI (~77) and StochRSI (~98) are showing overbought levels, pointing to a high probability of a small pullback or temporary pause before further moves.
* Order Book: The bias remains favorable for buyers, with demand dominance at 63.24% versus 36.76% for supply.
💡 Outlook: The asset is in an interesting stabilization zone following its rebound from the bottom. It’s worth keeping a close eye on price action amid possible short-term corrections to assess whether the bullish momentum will continue.
What do you think of the outlook for TUT? I’d love to hear your thoughts in the comments! 👇