TURBO PRICE ANALYSIS TURBO is currently trading inside falling wedge pattern and recently it tried to break it but failed to break descending channel. Turbo main support lies at 0.0030 zone, and its likely to test it in coming days. Then we can expect for upward movement until then wait for it to touch main supply and support zone which is 0.0030 level.
Shorts are more favorable these days as BTC tumbled below 58k.
TURBOUSDT
Is TURBOUSDT Poised for a Bullish Breakout or Bearish Move?Yello, Paradisers! Is TURBOUSDT about to break out into a small bullish move, or are we looking at a potential reversal? Let's dive into the analysis to see what the charts are telling us!
💎TURBOUSDT is currently forming an inverse head and shoulders pattern, a classic bullish signal. This pattern, coupled with the recent bullish reversal indicators, significantly increases the likelihood of an upward move.
💎 If the candle closes above resistant zone, the probability of a bullish move increases.
💎 If there's a pullback, we can anticipate a bounce from support zone, but we need to watch for a Change of Character (CHoCH) towards a bullish market structure in the lower time frames. This would confirm the bullish outlook and set the stage for targeting the upcoming resistance levels.
💎If the candle closes below the support zone, it invalidates the bullish thesis.
💎Given the current market uncertainty, I recommend using smaller positions than usual. This cautious approach will help manage risk effectively.
If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities.
MyCryptoParadise
iFeel the success🌴
TURBO is revving up for a bullish ride! 🚀💎Paradisers, #TURBO is displaying a bullish market structure and has captured the inner range liquidity by filling the Fair Value Gap (FVG).
💎If #TURBOUSDT exhibits a Change of Character (CHoCH) and Break of Structure (BOS) from this point, we can anticipate a bounce up to the next swing resistance areas.
💎Should there be a decline, we might expect a rebound from the bullish Order Block (OB), but confirmation is necessary before making any decisions.
💎However, if the price breaks down both this level and the Higher Low, it will be considered bearish, and it would be advisable to disregard it under those circumstances.