After a vertical impulse that reached $0.001242, the price has entered a "cooling" phase. The rejection candles on 1h and 4h timeframes indicate that whales are taking profits, but the support at $0.001050 is holding like a steel wall.
Key points of the moment:
Extreme Volatility: The price is compressed between the 99 EMA and the upper Bollinger bands. The breakout of this range will be violent.
Neutral RSI: We are neither in extreme oversold nor overbought conditions. The market is "resetting" indicators before the next big jump.
Is a trend change in sight?
Although the sentiment is bullish in the short term, the daily macro trend remains a challenge. To confirm a real shift to Bull Market, we need to see $TURBO close strongly above $0.001400. For now, discipline is your best ally.
3. Investment Strategies
Strategy A: Bounce Scalping (Aggressive)
Ideal to take advantage of the current volatility in 15-minute frames.
Entry: $0.001065 (Near current support).
TP1: $0.001110 (Immediate resistance).
TP2: $0.001150 (Previous wick zone).
TP3: $0.001210 (Near the recent high).
Stop Loss: $0.001035 (Below the low of the rejection candle).
Strategy B: Confirmation Swing Trading (Conservative)
Wait for the price to confirm that the support at $0.001000 is solid.
Entry: Buy order (Limit) at $0.001015.
TP1: $0.001180.
TP2: $0.001240.
TP3: $0.001350 (Fibonacci Extension).
Stop Loss: $0.000960 (Psychological level and strong technical support).
4. Is there a trend change?
Not yet. On the daily chart (1D), the macro trend remains bearish or lateral. The movement you see is a significant technical bounce, but to talk about a real trend change, TURBO must close daily candles above $0.001400 with increasing volume. For now, it's traders' territory, not for long-term "holders."
Note: The next 12 hours will be of lateral accumulation. If buying volume increases in the support zone, we could see a re-test of today's highs before the weekly close.
⚠️ Important: The information shared is not a recommendation to buy or sell. Do your research (DYOR) before making any decision.
And what do you think? 🤔
Do you think $T$TURBO has the strength to break zero or will it look for lows again? I read you in the comments. 👇
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$TURBO Trade here 👇🔥🚀💵
