Trading Signal Alert for#MicrosoftRejectsBTC # TURBO/USDT$BNB $ (4-Hour Chart)
Overview of Price Action:
The TURBO/USDT pair has shown significant upward momentum, rallying approximately +17.78% in the last 24 hours. The price recently hit a high of $0.014478 and is currently retracing to $0.012888, a potential support zone. This suggests a possible pullback phase before another move up. The coin remains above key moving averages (MA7, MA25, and MA99), indicating a bullish structure.
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Key Levels:
Current Price: $0.012888
Entry Price (Buy Zone): $0.012700 - $0.013000
Support Levels: $0.012466, $0.010798
Resistance Levels: $0.014478, $0.016000
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Take-Profit Targets:
1. $0.013800
2. $0.014800
3. $0.016000
Stop Loss:
Place a stop loss at $0.011600 to minimize potential downside risks.
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Cautionary Note:
Monitor for a potential breakout above $0.014500 for confirmation of further bullish momentum.
Watch volume closely to gauge the strength of the move. A decrease in volume near resistance might signal consolidation or a reversal.
Trade cautiously as cryptocurrency markets are highly volatile, and rapid price