Is $TURBO Losing Steam? 🚨⚠️ After April’s explosive rally to the upside, TURBO is starting to show signs of a rounded top on the daily chart — a classic sign of distribution and potential weakness...
Price action has been tight and choppy, forming lower highs while still clinging above the critical support zone at $0.00456. This kind of slow squeeze often hints at fading bullish momentum.
What’s more concerning❓
Volume is drying up — a clear signal that buyers may be losing interest. If bulls can’t defend this level, the next support sits around $0.00338, and that could be a nasty drop.
🤫 Still, it’s not game over yet…
As long as $TURBO holds this range and bounces off the 50 EMA, there’s still a chance for bulls to regain control.
TL;DR:
– Rounded top forming
– Key support at $0.00456
– Volume declining
– Watch 50 EMA for bounce or breakdown
Stay sharp
This one’s on high alert! ⚠️
Buy and Trade $TURBO