🔍 $TURBO #DayTradingStrategy

Analysis.

1. Price in Critical Zone:

- $0.00394 is close to immediate resistance ($0.0040) and dynamic support (Bollinger Middle Band: $0.003936).

- If it breaks $0.0040 with high volume, it would confirm bullish strength. If it rejects, it could fall to $0.003874 (lower Bollinger support) or even to $0.003700 (psychological support).

2. Mixed Indicators:

- RSI at 40: Neutral, but not oversold (lack of buying momentum).

- Negative MACD (-0.000007): Weakness in the short term, but the difference is minimal (could reverse with momentum).

- Stochastic (K: 53.7, D: 63.9): K would cross above D for a buy signal (watch for upcoming candles).

3. Volume and Liquidity:

- High 24h volume (6.37M USDT), but recent volume (13.18M vs. MA5: 21.47M) shows decreased interest*.

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🎯 Precise Recommendation

📈 Bullish Scenario (Buy):

- Confirmation needed:

- Price closes above $0.0040 on 1H or 4H timeframe.

- Volume above 20M on the breakout candle.

- Entry: $0.00405 (after confirmation).

- Target 1: $0.00425 (+5%).

- Target 2: $0.00450 (+12%).

- Stop-loss: $0.00395 (below the resistance turned into support).

📉 Bearish Scenario (Sell/Wait):

- If the price rejects $0.0040:

- Sell partially or wait for $0.003874 (lower Bollinger).

- If it breaks $0.003874, next support at $0.003700.

- Stop-loss for shorts: $0.00405 (if trading the drop).

⚖️ Neutral Strategy (If in doubt):

- Avoid trading until confirmation (breaks $0.0040 or falls below $0.003874).

- OCO Orders (One-Cancels-the-Other):

- Limit buy at $0.00405 (with stop-loss at $0.00395).

- Limit sell at $0.00387 (with stop-loss at $0.00392).

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📌 Adjusted Conclusion:

- Optimal Risk/Reward: Trade only with confirmation of breakout or rejection.

- Capital Management: Do not risk more than 2% of capital per trade.

- Time Horizon: Ideal for swing trading (1-3 days).