$TUT /USDT: Struggling to Hold Support After 12.86% Drop

$TUT /USDT has witnessed a significant decline of 12.86%, with price action dipping to $0.03626 before a mild recovery to $0.03827.

Technical Analysis:

Immediate Support: $0.03626, with stronger support around $0.03550.

Immediate Resistance: $0.03953, followed by $0.04376.

Stochastic RSI: 23.03, signaling oversold conditions, suggesting a possible rebound.

Order Book Sentiment: 40.71% buyers, indicating a bearish sentiment with 59.29% sellers dominating.

Potential Scenarios:

Bullish Reversal: A bounce from current levels could push the price to test resistance at $0.03953.

Bearish Continuation: A drop below $0.03626 may lead to further downside towards $0.03550.

Investment Strategy:

Buy Opportunity: Accumulate near $0.03650 with a target of $0.03950.

Profit Target: Set profit levels at $0.03950 and $0.04376.

Stop-Loss: Place stop-loss below $0.03550 to mitigate further downside risk.