Market Overview: TrueUSD/Tether (TUSDUSDT) 24-Hour Summary

• TUSDUSDT traded in a narrow range (0.9965–0.9970), with consolidation near 0.9968–0.9969 as the main price action.
• Momentum remained muted as RSI hovered around 50, and MACD showed no significant divergence or trend.
• Volatility was low, with Bollinger Bands narrow and price staying within one standard deviation for most of the session.
• Volume and turnover were stable, showing no signs of accumulation or dumping near key levels.
• A potential support zone formed at 0.9965–0.9966, with a possible resistance at 0.9969–0.9970, but no breakout confirmed.

24-Hour Snapshot and Key Data

TrueUSD/Tether (TUSDUSDT) opened at 0.9965 at 12:00 ET-1, touched a high of 0.9970, and closed at 0.9969 at 12:00 ET on 2025-10-20. The pair remained within a tight range, with a 24-hour trading volume of 102,201.0 and a turnover of 100,559.0 (in TUSD). The market appears to be in a consolidation phase, with no clear directional bias.

Structure & Formations

The price structure over the 24-hour period shows a high degree of consolidation, with price testing the 0.9965–0.9966 support and 0.9969–0.9970 resistance multiple times. Notable patterns include a bullish engulfing candle at 0.9969–0.9970 during the 02:45–03:00 ET timeframe and a bearish doji at 0.9969–0.9968 during the 05:45–06:00 ET period. These suggest potential exhaustion of bullish and bearish momentum respectively.

Moving Averages and MACD

Short-term moving averages (20/50) on the 15-minute chart show price hovering just above the 50-period line, with no clear trend. The MACD oscillator remained in the neutral zone, with the histogram oscillating around zero, suggesting balanced buying and selling pressure. This may imply a continuation of the sideways pattern unless a clear breakout occurs.

Bollinger Bands and RSI

Bollinger Bands remained narrow for most of the 24-hour period, indicating low volatility. The price stayed within one standard deviation for over 80% of the time. The RSI (14-period) lingered around 50, with no overbought or oversold readings, reinforcing the idea that the market is in a balanced, consolidative state.

Volume and Turnover

Volume and turnover showed no significant spikes or divergences. The highest volume occurred around the 06:00–06:15 ET timeframe, coinciding with a drop from 0.9969 to 0.9966. However, the price quickly rebounded, and no further selling pressure emerged. This suggests no immediate bearish conviction.

Fibonacci Retracements

Applying Fibonacci retracements to the last 15-minute swing (0.9965–0.9970) highlights potential support at 0.9967 (38.2%) and resistance at 0.9968 (61.8%). On the daily chart, retracements are less relevant due to the stable nature of stablecoin pairs, but they align with the observed consolidation pattern.

Backtest Hypothesis

To evaluate the viability of a “Support-entry / Resistance-exit” strategy on TUSDUSDT, a robust historical price series is essential. The current dataset appears incomplete or inconsistent due to missing or malformed entries, likely because stablecoin pairs are often excluded from certain market feeds. To proceed with a meaningful back-test, consider the following options:

1. Switch to an actively traded pair (e.g., BTCUSDT, ETHUSDT) and test the strategy from 2022-01-01 to 2025-10-20. This would provide a clearer assessment of how the strategy performs under varying market conditions.
2. Provide a supported ticker for TUSDUSDT, such as TUSDBUSD or another known valid symbol.
3. Supply a custom historical price file in CSV or JSON format for TUSDUSDT.

Once a valid price series is available, the strategy can be applied by entering long positions at confirmed support levels and exiting at resistance. The back-test will include performance metrics such as net profit, win rate, maximum drawdown, and risk-adjusted return. Visual output, including a chart with entry/exit signals and performance summary, will be provided.