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Strong increase during hours... Are we witnessing a new launch for TURBO? Towards the previous peak
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💡 Quick technical analysis (4-hour frame):
✅ Current price: $0.005037, up +10.48% over 24 hours — A sudden and strong movement indicating an influx of unexpected liquidity.
✅ RSI at 75.73 → Entering the overbought zone, which is usually accompanied by a near correction or volatility.
✅ MACD is turning to a positive crossover (small positive value but rising), which means the possibility of a new upward trend starting.
✅ The price broke through the previous resistance at $0.0048 - $0.0050, enhancing the chances of continuing towards higher levels.
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🚀 Expected scenario:
If the close above $0.0052 is confirmed, the path may target $0.00565 then $0.0060 (previous resistance levels).
In case of correction, strong support at $0.00440 (previous low) forms a potential buying area.
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📊 Important technical angles:
DIF > DEA → A bullish crossover in the MACD indicator for the first time in a while, enhancing positive expectations.
Increase in trading volume → A strong sign of trader participation in the movement.
Stochastic indicator (K: 63, D: 56, J: 78) → Momentum is rising but has not yet reached the peak of overbought.
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🧠 My technical opinion:
TURBO shows signs of starting a new upward movement after a period of decline. This type of price explosion may be followed by volatility or even a correction, so buying now requires careful risk management.
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✅ Final advice:
Do not enter before setting a stop loss below $0.0044.
If you are already in the trade, watch $0.0056 as a partial profit-taking level. Or move the stop-loss indicator towards this number after breaking it strongly.
Plan well
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Do you think TURBO might return to test its previous peak of $0.005969? Or is the rise illusory? Share your opinion with me!