#JELLYJELLYFuturesAlert
$TUT /USDT gaining with bullish momentum ready for strong move 🚀🚀
Price Movement:
Current Price: $0.04823
24h High: $0.05800
24h Low: $0.01261
24h Change: +282.47% (Strong bullish movement)
Key Indicators:
Moving Averages (MA):
MA (7): 0.04735 (Short-term trend is slightly above the moving average)
MA (25) & MA (99): Not available in the screenshot.
Relative Strength Index (RSI):
RSI (6): 59.74 (Approaching overbought territory but still in neutral range)
Volume Analysis:
Volume Spike: Large green candle suggests a strong breakout occurred, followed by consolidation.
24h Volume: 666M TUT / 30.77M USDT (High trading activity)
MACD Indicator:
Trend Shows Bullish Momentum, but needs confirmation if it sustains.
Conclusion:
Bullish Momentum: The price saw a massive pump from $0.01261 to $0.05800, indicating a breakout.
Potential Resistance: Around $0.05800 (previous high).
Support Levels: Around $0.04000 - $0.04200.
Risk Warning: The extreme volatility could lead to a correction, so risk management is crucial.
Trading Strategy:
For Long Positions: Look for a retest of support (~$0.042 - $0.045) before entering.
For Short Positions: If resistance at $0.050 - $0.058 holds, shorting could be considered with tight stop-loss.
Stop Loss: Below key support levels (~$0.040).
