I will analyze in detail the transaction data of $TURBO and provide assessments:
1. Technical Analysis:
A. Recent Price Trend:
- Price has increased from 0.008374 to 0.00977 in the last 24 hours (+16.7%)
- Created a low at 0.008334 and a new high at 0.00974
- RSI on the 30m timeframe is in the overbought zone >70
- MACD is giving positive signals with a positive histogram and the MACD line crossing above the Signal line
B. Volume Analysis:
- Trading volume has increased significantly in bullish candles
- The Buy Volume/Sell Volume ratio > 1 indicates that buying pressure is dominating
- OBV is gradually increasing, confirming that the upward trend is supported by volume
2. Scenarios for the next 4-24 hours:
Scenario 1 - High probability (60%):
- Price slightly adjusts to the range of 0.00955-0.00965
- Signs: RSI decreases to 50-60, volume gradually decreases
- Target: 0.00955 (-2%)
Scenario 2 - Medium probability (30%):
- Price continues to rise, testing the range of 0.00985-0.0099
- Signs: Breakout at 0.0098 with strong volume increase
- Target: 0.00985 (+1.5%)
Scenario with volatility >5% has a low probability (<10%) due to:
- RSI is in the overbought zone and needs adjustment
- Volume shows signs of weakening
- No strong catalyst to support
3. Trading Recommendations:
DO NOT RECOMMEND LONG at the current time because:
- RSI is overbought and needs adjustment
- Price has increased sharply and requires consolidation
- Risk/Reward is not attractive
POTENTIAL ENTRY POINTS:
- Long at the range of 0.00955-0.00965 if there is a positive reaction in volume
- Stop loss: 0.00945
- Take profit: 0.0099
INDICATORS TO MONITOR:
- Volume profile at the range of 0.00955-0.00965
- RSI decreases to the range of 50-60
- MACD cross above the signal line
Investors should wait for a correction to have a better entry point instead of FOMO at the current price level.