$TURBO Short Liquidation Alert 🚨
A massive $10.024K short liquidation just occurred at $0.0117, and this could set the stage for an explosive move! With shorts being squeezed, $TURBO might be ready for a breakout. Let's dive into what could happen next!
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What’s Happening?
This liquidation event suggests that short sellers were forced to close their positions, which could lead to:
1. A price surge as long traders step in, driving the price higher.
2. A possible pullback if profit-taking occurs, leading to consolidation.
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Buy Zone 🛒
The buy zone for $TURBO is between $0.0100 - $0.0110. This range has shown strong support in the past, and it could attract buyers looking to capitalize on a potential bounce.
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Targets 🎯
Target 1: $0.0130 (Immediate resistance level)
Target 2: $0.0150 (Mid-term target, with strong selling pressure ahead)
Target 3: $0.0170 (Key breakout level and psychological resistance)
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Stop Loss 🚫
Set your stop loss at $0.0095. If the price falls below this level, we might see further downside toward $0.0085 or lower.
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What’s Next?
If holds the buy zone: The price could surge toward $0.0130, and potentially even higher, with momentum pushing it to $0.0150.
If it drops below $0.0095: Be cautious, as a deeper pullback could occur, testing support levels like $0.0085.
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Key Signals to Watch:
1. Volume: Watch for a surge in buying volume near the buy zone, as it could signal a continuation of the upward move.
2. Market Sentiment: Broader market trends, especially for Bitcoin and Ethereum, may influence $TURBO’s price action.
3. News and Updates: Stay alert for any updates regarding or its sector that could drive further volatility.
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⚠️ Disclaimer: This post is for informational purposes only. Always conduct your own research and manage your risks wisely. The crypto market is highly volatile—trade carefully!
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