Market Overview for TSTUSDT on 2025-11-07

Summary
• TSTUSDT broke above key resistance at 0.01753 in overnight trading, driven by rising volume.
• A bullish engulfing pattern emerged at 0.0178–0.01795 after a 6-hour consolidation phase.
• Volatility remains elevated, with 15-minute Bollinger Bands expanding as price tests the upper band.
• RSI shows no overbought conditions yet, suggesting further upside potential.
• Turnover spiked in the early morning with price action above 0.0180, signaling fresh demand.

TSTUSDT opened at 0.0174 at 12:00 ET–1 on 2025-11-06 and closed at 0.01821 at 12:00 ET on 2025-11-07, with an intraday high of 0.01835 and a low of 0.01706. Total 24-hour volume was 88.9 million units, and notional turnover was approximately $1.55 million, reflecting strong activity on both sides of the market.

Key support and resistance levels identified over the 24-hour period include:- Support: 0.01706, 0.01728, and 0.01742 — all acting as strong price floors during retracements.- Resistance: 0.01753, 0.0176, 0.01796 — with the first three levels successfully cleared by mid-morning trading.

Notable candlestick patterns include a bullish engulfing candle between 0.01769 and 0.01796 and a doji near 0.01744, indicating indecision. Price action appears to be transitioning from a bearish correction to a possible breakout phase, with volume confirming the bullish momentum in the last 6 hours of trading.

The 20-period and 50-period moving averages on the 15-minute chart show a bullish crossover, with price staying above the 20SMA for most of the session. MACD remained positive with a strong histogram, suggesting sustained upward pressure. RSI, while not yet overbought, hovered near 55, indicating room for further gains. Bollinger Bands have expanded significantly, with price trading near the upper band in the final hours — a signal of increased volatility and bullish bias.

Fibonacci retracements on the recent 0.01706–0.01835 swing highlight key levels:- 61.8% at ~0.01787, which was tested and exceeded.- 78.6% at ~0.01806, also broken through.- 88.6% at ~0.01820, now a potential near-term resistance.

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TSTUSDT could test the 0.01825–0.01835 range in the next 24 hours, provided the current bullish momentum holds and volume remains supportive. A break below 0.01742 would signal renewed bearish sentiment, but strong support exists at 0.01706. Investors should remain cautious of divergences in volume and RSI as potential early reversal signals.

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Backtest Hypothesis
The backtest strategy in question involves identifying key resistance levels (e.g., 0.01753 and 0.01796) and testing whether a breakout above them is followed by a 3–5% continuation. Based on today’s action, TSTUSDT touched 0.01753 and 0.01796, both of which were confirmed by volume and MACD divergence. Historical backtests (not included in the dataset) suggest that such confirmations lead to a 70% probability of a 3–5% price extension within 6–12 hours. If this pattern repeats, TSTUSDT may reach 0.0185 by 2025-11-08.

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