$TURBO Next target:
Based on the current chart and technical indicators, here’s a breakdown of the next potential targets for TURBO/USDT:
Immediate Targets:
1. First Target (Short-Term):
0.0110 - 0.0111 USDT
This is a psychological and technical level that aligns with recent price action. If the current bullish momentum continues, the price could reach this level soon. Watch for a breakout above the previous high of 0.010864 with increased trading volume for confirmation.
2. Second Target (Near-Term):
0.0115 USDT
If the price decisively breaks above 0.0111, the next target to watch would be around 0.0115, which could act as the next resistance zone based on historical price movement and Fibonacci extensions.
Extended Targets (If Bullish Momentum Continues):
3. Third Target (Medium-Term):
0.0120 - 0.0125 USDT
This target is achievable if the bullish trend remains strong, especially with support from broader market sentiment. This level could attract profit-taking, so be cautious if you’re aiming for this range.
Key Support Levels:
If the price faces resistance and pulls back:
0.0095 USDT (near EMA(7) or EMA(25))
0.0090 - 0.0091 USDT (strong support zone and psychological level)
Trading Strategy:
Bullish Confirmation: Wait for a 4H or daily candle close above 0.0110 with strong volume before targeting the next levels.
Caution: Given the overbought conditions on the Stochastic RSI, be prepared for potential pullbacks or consolidations.
Risk Management: Use stop-loss orders to protect gains, especially if the price starts to reverse around key resistance levels.
Overall, the price action looks bullish, but staying alert to potential reversals at resistance levels is crucial.
