$TURBO
1. Technical Analysis:
RSI (6/12/24):
- Current RSI6 fluctuates around 39-40, indicating a short-term oversold signal
- RSI12 and RSI24 in the range of 45-50, indicating a neutral trend
Stochastic (K,D,J):
- %K (42) < %D (50) indicates selling pressure is dominating
- The J line is in the oversold area, potential for recovery
MACD:
- Negative MACD Hist and narrowing, indicating weakening downward momentum
- Signal line is above the MACD line, confirming the short-term downtrend
2. Volume Analysis:
- Trading volume is trending downward
- Buy Volume Ratio fluctuates at 35-45%, indicating selling pressure is dominating
- CMF20 is negative, confirming that money is flowing out of the market
3. Scenarios and Recommendations:
Base scenario (60% probability):
- Price may test the support area of 0.0104-0.0105 in the next 4-8 hours
- If this area is held, it may recover to 0.0106-0.0107
- Target +5% is unlikely to occur in the next 24 hours
Verification signs:
- Volume increases when price hits the support area
- RSI6 creates a divergence low
- Buy Volume Ratio improves above 50%
Recommendation:
- DO NOT LONG at the current time
- May consider long when:
+ Price successfully tests the area of 0.0104-0.0105
+ RSI6 creates a divergence low
+ Volume increases along with Buy Volume Ratio > 50%
- Potential entry points: 0.0104, 0.01045
- Stop loss: 0.0103
- DO NOT SHORT at the current time due to:
+ RSI is already in the oversold area
+ Price is approaching a strong support area
4. Main Risks:
- Strong fluctuations of BTC may affect the trend
- Low liquidity may cause sudden price fluctuations
Note: This analysis is based on technical data, investors need to combine it with fundamental analysis and appropriate risk management.