---$TURBO
đ TURBO/USDT Technical Analysis
Chart Overview
In my previous analysis (first image), I identified a key pattern forming in the TURBO/USDT pair. The price had been consolidating within a defined range, supported by a rising trendline and testing the resistance zone multiple times. This setup indicated an impending breakout, as the price action was preparing for a significant move.
Prediction and Breakout
The price finally broke above the resistance zone around $0.0075188, confirming the bullish breakout I had predicted. In the second chart, we can clearly see the pump that followed, with the price pushing up to $0.0085890, delivering solid gains. This move resulted in an approximate 29.60% increase, matching our target perfectly.
What to Watch Next
1. Support Zone: The previous resistance has now become a support zone. If the price retraces to this level and holds, it could offer another opportunity for bullish momentum.
2. Bullish Continuation: If the momentum continues and the price holds above the newly formed support, we could see a continued rise, targeting even higher levels in the coming days.
3. RSI Confirmation: The RSI has shown strength by staying above 50, indicating that buyers are still in control.
Key Levels:
Support: $0.0075188
Resistance: $0.0085890
Next Target: $0.0100000
This breakout reflects a strong market sentiment, and those who were patient and followed the technical analysis reaped significant rewards. Moving forward, monitoring the new support level will be crucial in determining whether the bullish trend can sustain further.
As always, manage your risk and keep an eye on the market dynamics. I'll continue to track this for further updates.
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