💡 Quick technical analysis:
✅ Strong rise of +21.82%! The price rebounded strongly from the bottom 0.004469 to reach 0.005985, reflecting a clear buying wave and positive driving force!
✅ RSI is in the overbought area! The indicator is at 80.38, indicating strong bullish momentum, but at the same time suggests the possibility of a correction soon.
✅ MACD is positive! The blue line (MACD) is in a bullish crossover with the orange line (Signal), and momentum has started to shift into the positive zone, which may push the price up again.
✅ Liquidity is rising! Trading volume exceeds 10.49 billion TURBO, indicating significant interest in the currency currently.
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🚀 Expected scenario:
If resistance at 0.005985 is broken, we may see an extension in movement towards levels of 0.0065 or higher.
In case of a correction, the nearest support is in the range of 0.0049 - 0.0051, which may present a new buying opportunity.
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🔥 Is TURBO ready to launch to the moon?!
With the current momentum and strong buying wave, TURBO may be at the beginning of a new wave – but caution is required, especially with RSI reaching high levels.
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My advice to you:
1. Monitor trading volume – any additional increase may indicate the entry of whales.
2. Do not enter with your entire capital at once – split your entry into stages.
3. Follow RSI and MACD signals to confirm the continuation of the rise or the beginning of a correction.
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📢 Share your opinion! Do you expect TURBO to break the 0.006 barrier and move further? Or is a correction coming? 🚀👇