🏵Support and Resistance Levels of $TUT
📉Support: Short-term support is near $0.054 (roughly the 50-day MA and recent lows). Below that, a broader base lies around $0.038–$0.044, the multi-week consolidation zone. A close below ~$0.0535–0.0540 would break important support and could target $0.0505 and then $0.038.
📈Resistance: Immediate resistance is around $0.061–$0.062 (recent highs). A clear break above ~$0.0620 on strong volume would open the way toward the next zones. Beyond that, key targets lie at $0.065 and $0.070. A further leg could push to ~$0.080 (psychological) and even toward the $0.10 level if momentum continues.
📍Trading Strategy (Entries & Exits)
Buy Zones: Traders might enter on pullbacks to key support. For example, one strategy is to buy above $0.043–$0.044 (just above near-term support) or on dips near $0.040. Another approach is to use the recent pivot, buying back into the $0.056–$0.060 range on strength.
🎯Targets: Partial profits can be taken at the first resistance around $0.048–$0.050. Further profit targets are $0.065–$0.070 and then $0.080. Longer-term bulls may eye $0.10 if a major breakout occurs.