$TUT
TUT/USDT Surging +12%! Is it time to Buy or Wait for a Dip? 📈
Content:
The TUT/USDT pair is showing massive bullish momentum today, gaining over 12% in the last 24 hours. Let's break down the 1-hour chart to see what the indicators are telling us:
🔍 Technical Breakdown:
Price Action: TUT is currently trading near $0.01825, testing the recent high of $0.01858.
Bollinger Bands: The price is riding the Upper Band, confirming a very strong uptrend.
RSI (Relative Strength Index): At 83.9, the RSI is in the "Overbought" territory. This suggests that while the trend is strong, a short-term correction or consolidation might be around the corner.
MACD: A solid bullish crossover is visible with rising green histograms, showing that buyers are still in control.
📍 Key Levels to Watch:
Resistance: $0.01858 (Breakout above this could lead to $0.020+)
Support: $0.01672 (20 MA level)
💡 Trading Thought:
Entering at the current peak might be risky due to the high RSI. It might be wiser to wait for a slight "cool down" or use a tight Trailing Stop Loss to protect your profits if you are already in the trade.
What do you think? Is $TUT heading to $0.020 next, or are we due for a pullback? Let me know your thoughts in the comments! 👇
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