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Here's a detailed technical analysis of the TURBO/USDT chart (1-hour timeframe):
Current Price:
0.005493 USDT
Change: +15.86%
Indicators Overview:
1. EMA(100):
EMA(100) = 0.005108
Price is above the EMA(100), indicating a bullish trend.
EMA is sloping upwards slightly, adding confirmation of upward momentum.
2. MACD (Momentum):
MACD: 0.000007, Signal Line (DEA): 0.000093, DIF: 0.0001
MACD is still bullish, though the histogram is flattening, signaling possible momentum slowdown or pullback soon.
No bearish crossover yet, but momentum is not increasing significantly.
3. Volume:
Volume spiked earlier but has since decreased.
This suggests initial strong buying interest but less follow-through, which could lead to consolidation or a short pullback.
4. Candlestick Analysis:
Price reached a high of 0.005799 and pulled back to form a lower high, signaling some profit-taking or resistance.
Current candle is small and indecisive, showing market uncertainty or possible continuation if supported by volume.
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Support & Resistance:
Immediate Resistance Levels:
0.005574 (recent wick high)
0.005799 (24h high)
Support Levels:
0.005324 (previous body low)
0.005108 (EMA100, strong dynamic support)
Trade Strategy Suggestion:
Entry (Buy):
Current price: 0.005493
Enter between: 0.00544 – 0.00550 (wait for minor pullback)
Take Profit (TP):
TP1: 0.005574 (previous minor high)
TP2: 0.005799 (24h high)
TP3 (extension): 0.00600 (psychological round number)
Stop Loss (SL):
SL1: 0.005324 (below recent swing support)
SL2 (aggressive): 0.005108 (EMA100 support)
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Risk/Reward Example (TP1 - SL1):
Entry: 0.00549
TP1: 0.005574 (84 pips)
SL1: 0.005324 (166 pips risk)
R/R: ~0.5 (less favorable unless TP2 is targeted)
Targeting TP2 (0.005799) gives better R/R of ~1.8+
Conclusion:
The trend is bullish above the EMA(100), but momentum is starting to slow.
A pullback or consolidation may occur before another breakout attempt.
Consider scaling in with tight SL, and watching for a break above 0.005574 for TP2/TP3 targets.
Would you like a multi-timeframe confirmation (e.g., 4h or Daily) before entering this trade?