Damn it, it keeps rising

$TURBO
Let's look at the data together. I think sometimes just talking about the results doesn't necessarily help everyone learn. So let's talk about this popular counterfeit turbo.

From the data, the positions for 12h and 8h have both dropped significantly, and the main contracts are showing an outflow state. This allows us to infer that the bulls here have taken profits and closed their positions. However, after a rapid decline, the overall positions in the 4h to 15m levels are not falling as quickly. What does this indicate? It suggests that at higher levels, around the position of 0.014 and above, the willingness of the main players to sell is very strong. Therefore, we can view this position as a short-term top because they are afraid that if they don't sell quickly at this price, they won't be able to sell at this price later. Personally, I wouldn't try to catch the bottom of this coin.

Of course, if you are optimistic about the fundamentals of turbo and want to catch the bottom on the left side, you can use Fibonacci to assess the situation. Pay close attention to the positions of 0.0122 and 0.0116. If it breaks below, then it's best not to look at this coin for the time being.