$TURBO #TURBO
Technical Analysis - TURBO/USDC (15 min)
Current price: 0.004221 USDC
1. Moving Averages
MA(7) (yellow): 0.004215 — close to the current price, acts as a very short-term dynamic support.
MA(25) (pink): 0.004207 — below the current price, bullish crossover with MA(7).
MA(99) (purple): 0.004422 — above the current price, acting as significant dynamic resistance.
Reading: short MAs show bullish potential in the very short term, but MA(99) is blocking broader recovery.
2. Indicators
RSI(6): 52.15 — neutral, no overbought or oversold conditions, so possible movement in both directions.
MACD:
MACD line: 0.000011
Signal: -0.000013
Histogram: slightly positive
=> Bullish crossover in formation, but still weak.
3. Levels to watch
Immediate resistance: 0.004346 (last recent peak)
Short-term support: 0.004193 then 0.004050 (recent low)
Current pivot zone: between 0.00420 and 0.00430
4. Possible trade (scalp or intraday)
Bullish scenario (breakout small time frame):
Entry: if confirmed break of 0.00435 with volume
Target: 0.00442 (MA99) then 0.00450
Stop-loss: 0.00418
Bearish scenario (failure below MA99):
Entry: if clear rejection below 0.00435
Target: 0.00405
Stop-loss: 0.00436
Conclusion
Graphically, we are in compression under a technical resistance (MA99), with an attempt at recovery. As long as we don't break 0.00435/0.00442 with volume, it remains a range. Ideal for scalping within the bounds.