🚨 TUT Under Pressure! Is a Reversal Coming or More Downside Ahead?
TUT has dropped 5.71% in the last 24 hours, facing strong selling pressure and losing an important technical support level.
📉 What's Happening?
- More than $190K in spot net outflows.
- Price dropped below EMA-99 at $0.01871.
- RSI-6 reached 23.94, showing oversold conditions.
- MACD remains bearish, indicating strong downside momentum.
🎯 Key Levels to Watch:
- Support: $0.01780
- Important resistance: $0.01871
- A breakdown below $0.01780 could trigger further selling.
⚡ My Take: TUT is showing signs of extreme selling pressure. Oversold conditions may create a short-term bounce, but a confirmed recovery is needed before calling a reversal.
💬 What do you think? Is TUT ready for a bounce, or will bears push it even lower?
#TUT #Binance #cryptotrading #altcoins #CryptoMarket
TUT has dropped 5.71% in the last 24 hours, facing strong selling pressure and losing an important technical support level.
📉 What's Happening?
- More than $190K in spot net outflows.
- Price dropped below EMA-99 at $0.01871.
- RSI-6 reached 23.94, showing oversold conditions.
- MACD remains bearish, indicating strong downside momentum.
🎯 Key Levels to Watch:
- Support: $0.01780
- Important resistance: $0.01871
- A breakdown below $0.01780 could trigger further selling.
⚡ My Take: TUT is showing signs of extreme selling pressure. Oversold conditions may create a short-term bounce, but a confirmed recovery is needed before calling a reversal.
💬 What do you think? Is TUT ready for a bounce, or will bears push it even lower?
#TUT #Binance #cryptotrading #altcoins #CryptoMarket