The $TURBO /USDT chart shows a sharp increase from $0.004875 to a high of $0.006734, marking a gain of over 25%. This strong upward movement suggests a surge in buying interest, with the price breaking through several resistance levels. The current price at $0.006394 indicates that some profit-taking has occurred, but the price remains elevated, reflecting continued bullish sentiment.
The key resistance level now is $0.006734, the recent high. If the price can break and hold above this level, it could indicate another potential move higher, possibly towards new highs. On the downside, the closest support level is around $0.006145, which the price has been hovering around during consolidation. A break below this support may signal the start of a deeper pullback or sideways movement.
Traders looking to go long should consider entering above the $0.006734 resistance with a confirmed breakout and volume. Alternatively, entering on a pullback towards the $0.006145 support might provide a better risk/reward ratio. Setting stop-losses below key support levels will help manage risk in case of sudden volatility.
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