BOOOOOOOOOOOOOOOOOOOMMMMM#TUTGains ‼️🔥💪 $TUT /USDT Showing Strong Bullish Momentum – Eyeing Higher Resistance Levels❗$TUT /USDT has shown a significant increase, gaining 10% and approaching the resistance near $0.0460. The price has rebounded strongly from the $0.03908 support zone and is trading near its 24-hour high of $0.04620.
Key levels to watch
Resistance: $0.04620 / $0.04800
Support: $0.04180 / $0.03950
Bullish scenario
If TUT maintains momentum and breaks above the $0.04620 resistance, further upside toward $0.04800 and potentially $0.05000 is likely. Increased volume and bullish candle closures would confirm the breakout.
Pullback scenario
If the price faces rejection at $0.04620, a pullback toward $0.04180 or $0.04020 may occur before another potential attempt at higher levels.
Indicators and market sentiment
Stochastic RSI is near overbought levels (96.03), suggesting that a short-term pullback could be possible.
The order book shows strong buying interest with 68.98% buyers compared to 31.02% sellers, indicating bullish sentiment.
Recommendation
Traders should monitor the $0.04620 resistance zone for potential breakout confirmation. If rejected, consider buying on a pullback near support levels for a better risk-reward setup.