1. Short-term forecast: The current price of TURBO is $0.010022, and based on technical data, short-term volatility can be expected within the $0.0096 and $0.0112 levels, with a possible test of support around $0.0090.
2. Medium-term forecast: The probable medium-term price growth may be limited by the level of $0.0136, which corresponds to -1 in Fibonacci levels. This is the target for the bullish scenario if the asset manages to overcome the resistance at $0.0126.
🔹 Support and resistance levels
• Main levels of support:
o $0.009273 – strong support, highlighted by horizontal volume.
o $0.008816 – Fibonacci support level (0.79).
o $0.008251 – support at 1 Fibonacci level.
• Main resistance levels:
o $0.010945 – key resistance at the Fibonacci level (0.705).
o $0.011667 – resistance at -0.27 Fibonacci level.
o $0.012609 and $0.013631 are the maximum resistance levels in the medium term.
🔼 Long positions
• Entry points for long:
o Entry at $0.0096 with the target of testing the resistance at $0.010945.
o Re-entry is possible at $0.008816 if a deeper correction occurs.
• Exit points for long:
o Profit targets: $0.0112, $0.0126, and $0.0136.
• Stop Loss for Long: Place stop loss below the support level $0.008251.
• Probability of a rebound: High probability (~70%) of a rebound from the levels of $0.0096 and $0.008816, given the strong support.
🔽 Short positions
• Entry points for shorts:
o Entry upon reaching resistance $0.010945 with the target of decreasing to support $0.0096.
o Additional entry at $0.0126 in case of growth.
• Exit points for shorts:
o Main targets: $0.0096 and $0.008816.
• Stop Loss for Shorts: Place stop loss above $0.0130.
• Probability of working out: Probability of working out from the level of $0.010945 is about 65%, from the level of $0.0126 is about 60%.
🟢 Probability scenario and conclusion
Based on the analysis:
• The long scenario has a higher probability of success when testing the $0.0096 level or the lower $0.008816 level. These levels support buying activity, and there is a possibility of a rebound to the $0.0112 levels and above.
• The short scenario is relevant during growth to the resistances of $0.010945 and $0.0126, where sellers can try to return, creating pressure on the price. #TURBO Subscribe to stay up to date with the latest news! ➡️✈️ @INVESTIDEAUA INVESTIDEAUA