$TURBO
/USDT BEARISH PULLBACK AFTER CHANNEL BREAKDOWN!
Price action on the 30-minute chart shows that $TURBO/USDT has broken down from a rising parallel channel and is now retesting the previous support as resistance near the 0.00564 level. This rejection indicates weakening bullish momentum and opens the door for a short-term corrective move to the downside.
Trade Setup:
Short Entry: 0.00564
Take Profit (TP): 0.00500
Stop Loss (SL): 0.00596
Market Outlook:
As momentum fades and price struggles to reclaim the broken support zone, bearish pressure is likely to persist unless the price re-enters the channel. Caution is advised for long entries unless a strong bullish reversal appears above 0.00596.
Command: Ride the trend shift—position short while momentum favors the bears.
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