Turbo price has peaked, and short-term holders are advised to start leaving the market or short it.

Previously, Luna rose sharply. On the 13th, I also reminded that it was almost at its peak. Then Luna began to plummet on the 15th.

Now let's talk about Turbo.

First of all, after Turbo was launched on Binance, it has been in a state of net outflow, indicating that many investors are cashing out and leaving the market. Not only has it brought a certain amount of selling pressure, but it may also indicate that the price is about to fall.

Secondly, before Turbo was launched on Binance, it already had contract trading pairs on Binance. It is recommended to refer to the contract chart for trading, so that you can see the previous price and analyze some support and resistance levels.

In the long period, Turbo has strong resistance at 0.0045~0.005. At present, it is somewhat difficult to successfully break through.

Moreover, judging from the daily K-line chart, this kind of sudden surge in trading volume usually leads to a subsequent price correction. We usually think that healthy and sustained increases are basically shrinking increases.

Finally, pay attention to market sentiment.

Turbo is a relatively pure meme coin, and its introduction on Binance Spot only has one sentence to describe it.

This type of meme coin lacks practical application to generate value, and the price increase depends on popularity and heat. The "listing on Binance Spot" ignited the market enthusiasm, but when the good news lands, the market sentiment tends to return to normal, and the coin price will fall accordingly.

You can start shorting it, unless you know that Turbo has some hidden benefits waiting to explode in the short term.