😈TURBO/USDT at a price of $0.010182, here’s an analysis with suggested entry and exit points, as well as risk management.
Key Levels:
Resistance Levels:
$0.010864 — 24h high and an immediate resistance; if TURBO breaks this level, it could lead to a further upside.
$0.011017 — Additional resistance, a potential target for gains if the upward momentum sustains.
Support Levels:
$0.009896 — Near-term support; this level might attract buyers in case of a minor retracement.
$0.008774 — Lower support, indicating a significant level of buyer interest if the price pulls back further.
Moving Averages:
MA(5) and MA(10) (not provided here but could be checked if available) — Watching price movement relative to these moving averages can confirm bullish or bearish trends.
Suggested Strategy:
Entry: Consider an entry if TURBO stabilizes above $0.010182 and maintains upward momentum.
Take Profit:
First target at $0.010864.
Extended target at $0.011017 if bullish strength continues.
Stop-Loss: Place a stop-loss around $0.009896 to protect against a downside reversal.
Volume and Volatility:
24h Volume (TURBO): 16.38B TURBO with a corresponding USDT volume of 153.56M — Indicates strong trading activity, which supports the recent price action and could sustain volatility.
Summary:
This approach utilizes resistance and support as key entry and exit points, combined with volume insights to manage risk effectively.
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