$TUT shoot up again. 0.1 possible?
Let's discuss:
Short-term view — Bullish bias (≈65%)
Buy zones (short 1h–1d)
• Safe: 0.0610–0.0630 (retest of the breakout)
• Moderately safe: 0.0660–0.0680 (recent micro-pullback area — good reward:risk).
• Risky: 0.0700–0.0730 (momentum continuation entry — scale in, don’t full-size).
Sell targets
• Safe TP: 0.078–0.082.
• Moderate TP: 0.088–0.095 (extension if volume stays strong).
• Aggressive TP: 0.11–0.13 (only with sustained high volume & broad market strength).
Stop-losses
• Tight: 0.058
• Flexible: 0.050–0.047 (below the weekly structure / long EMA area).
thr explanation? continue below
Reasoning:
Price is trading ~0.069–0.070 after a clean pickup from the 0.061–0.063 consolidation — the charts show the shorter EMAs lifting and price holding above them on the 1h.
Volume: clear volume spike on the breakout — real participation confirming the move. Volume on the breakout candle is noticeably higher than the preceding bars
RSI: elevated intraday (mid/upper 60s → low 70s on short TF) — bullish but approaching overbought, so expect possible chop or small retests
MACD: turning positive on the shorter TF with a lifting histogram — momentum leaning to buyers. (Daily shows momentum improving versus prior consolidation
EMAs / structure: short EMAs have crossed/tweaked up and price sits above EMA7/25 on the 1h — bullish alignment intraday. The daily EMAs are flattening to slightly bullish after the breakout
S/R levels: immediate support cluster 0.061–0.063 (safe buy zone), secondary support 0.055–0.050 (deeper daily/weekly support). Immediate resistance 0.078–0.082 (recent highs/spikes), then ~0.10+ if continuation
Depth: orderbook looks relatively balanced on the screenshots with bids slightly heavier near current price — that helps a breakout hold, but there are visible ask walls above the recent high so expect some friction through 0.078–0.082. Watch slippage on large market buys.
DYOR and Inshaallah we will make good profits.
