$TURBO
/USDT Technical Analysis 🚀 🎯
Current Price: 0.007968
Key Levels:
Support: 0.007353 (Lower Bollinger Band)
Resistance: 0.007999 (Recent 24h High)
Indicators:
Bollinger Bands: The price is trading near the upper band, indicating potential overbought conditions, but the trend remains bullish as it stays above the middle band (0.007649).
Parabolic SAR: The SAR value of 0.007610 suggests upward momentum, as it’s positioned below the price.
Volume: 4.26B TURBO traded in 24h, suggesting good liquidity and active trading.
Trade Momentum:
The market sentiment is currently bullish with a +11.78% increase over 24 hours.
A strong order book with 48.50% bids indicates buying interest.
Although short-term indicators are positive, the negative 30-day trend (-16.96%) suggests caution in the long term.
Target Levels 🎯:
1. Target 1 (Immediate Resistance): 0.008200
This level is just above the recent high of 0.007999 and represents the first target for potential profit-taking. Watch for price rejection around this level for confirmation of a short-term top.
2. Target 2 (Mid-Term Resistance): 0.008500
A psychological resistance level. If the upward momentum continues, this could be a key target. Be cautious of potential resistance here as the price approaches the upper Bollinger Band.
3. Target 3 (Extended Resistance): 0.009000
If the upward trend extends beyond the short-term resistance, 0.009000 is a key psychological level and could mark a longer-term target. Monitor for breakout confirmation above 0.008500.
Trade Signal:
Entry Signal: Enter at the current price (0.007968) if the price holds above the 0.007610 level, supported by the Parabolic SAR and strong volume. A breakout above 0.007999 could offer confirmation for continued bullish momentum.
Exit Strategy: Consider taking partial profits at Target 1 (0.008200) and Target 2 (0.008500).
Stop-Loss:
Stop-Loss: Place a stop just below the support level at 0.007353, or slightly below the Parabolic SAR value of 0.007610, to protect against a sharp pullback.
