$TUT Technical analysis of TUT/USDT (1H) – Strong uptrend but showing signs of correction

TUT/USDT is currently trading at 0.04582 USDT, up 15.18% in the last 24 hours. After a strong surge to a high of 0.05550 USDT, the price has corrected to the current range.

Insights from technical indicators:

• Bollinger Bands: The price touched the upper band and then corrected down, indicating profit-taking pressure.

• MACD: Showing signs of weakening after a strong rally, histogram is narrowing.

• RSI: Currently at an average level (around 52-53), not in the overbought or oversold territory, indicating potential accumulation or continued mild correction.

• Trading volume: Peaked when the price rose high, then gradually decreased, signaling that upward momentum is slowing down.

Suggested trading strategy:

📌 Conditions to buy:

• Price holds above the range of 0.043 - 0.044 USDT (nearest support).

• MACD does not cross down negatively, RSI stays above 50.

• Volume does not drop too sharply, indicating that buying pressure is still maintained.

📌 Action:

• Entry point: If the price does not drop significantly below 0.043 USDT and a recovery signal appears.

• Target: 0.048 - 0.050 USDT.

• Stop-loss: Below 0.042 USDT if the price drops further.

Conclusion:

TUT/USDT is in a correction phase after a strong increase. If it holds the support area, the price could bounce back up. However, if selling pressure increases, it may be necessary to wait for a better entry point.