$TURBO – BEARISH SIGNAL TRIGGERED: TURBO LOSING MOMENTUM?
SUPPORT BREACHED
VOLUME DROPS ON REJECTION
After repeated rejection near $0.00528 and failure to sustain above key resistance,
$TURBO is showing signs of exhaustion. The current 4H candle has turned bearish, engulfing the previous candle’s range and forming a lower high/lower low structure. Volume remains inconsistent, highlighting a weakening bullish effort while sellers regain control.
The price broke down from a tight range near the $0.00520 mark, with visible sell pressure emerging below $0.00510. A close below $0.00503 would confirm bearish continuation toward the $0.00486 and $0.00469 supports.
SHORT Trade Setup (Futures Only):
Entry: $0.00512 – $0.00518
Targets:
TP1: $0.00486
TP2: $0.00469
Stop Loss: Above $0.00529
TURBO structure is shifting bearish. Watch for increased volume and rejection wicks to confirm downside pressure.
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