According to the Fibonacci extension levels seen on the chart, the obvious targets are:


• 1.618 Level: 0.0189 USDT


• 2.618 Level: 0.0277 USDT


• 3.618 Level: 0.0360 USDT



These levels are potential resistance points for the current price.



2. Support and Resistance


• Support Regions:


• The 0.0090 USDT level appears to be an important support.


• In case of a decline below this level, 0.0078 USDT may become the next major support level.


• Resistance Zones:


• The 0.0135 USDT level stands out as the first resistance.


• Then, the 0.0189 and 0.0277 levels will appear as resistance.



3. Indicators


• Volume: Increasing volume indicates that the trend is gaining strength.


• Trend Line: The downtrend line has been broken upwards and this may be a trend reversal signal.


• Fibonacci: Fibonacci extension levels help identify potential upside targets.



4. Formations and Formation Reversals


• Descending Triangle Breakout: Exit from the downtrend and upward movement shows that the trend is strengthening and the formation is working.


• Trend Reversal Formation: After the breakout, a continuation movement can be expected.



5. Trend Direction


• Current Trend: There is a strong upward movement. The broken trend line signals that the rise will continue.


• Long-Term Trend: If the upward momentum is maintained, there is the potential to reach higher levels.



6. Strategic


• Acquisition Strategy:


• Buying opportunities can be evaluated at the levels of 0.0095–0.0100.


• 0.0088 can be determined as the stop-loss level.


• Goals:


• Short term target: 0.0135 USDT


• Medium term target: 0.0189 USDT


• Long-term target: 0.0277 and 0.0360 USDT


• Risk Management:


• Stop-loss level should be carefully maintained and volume movements should be monitored.



General Comment:



TURBO/USDT has made a strong breakout from the downtrend and is moving upwards with volume. Fibonacci target levels support the upside potential. However, market conditions and volume should be monitored carefully. Risk management should be taken into consideration when creating a buying strategy.