The current situation on the TUT/USDT pair is as follows:
Quick Analysis:
• Current Price: 0.04143
• RSI(6): 62.3 → Close to the overbought zone (70) = Possible correction soon.
• MACD: In a slight upward crossover, but the signal is weak (DIF is slightly above DEA).
• Bollinger Bands: The price is approaching the upper band = May hit resistance.
• Volume: There is a slight increase in green volume = There is buying pressure, but it's not very strong.
Recommendation now:
Do not enter a buy now.
The price is close to resistance and the RSI is high; it’s better to wait for one of the following:
1. Price returns to the 0.04020 - 0.04040 area with clear support = Excellent scalping entry.
2. Clear breakout of the 0.04180 level with high volume = Enter on the breakout and set a quick target of 0.04300.
If you are in a short position:
• You can start the first doubling if it touches 0.04180 and fails to break it.
• Safe exit would be if it breaks 0.04200 firmly.