#CryptoMarketCapBackTo
TURBO/USDT here's a technical analysis and trade setup including potential Entry, Stop Loss (SL), and Take Profit (TP):
Technical Summary
Current Price: $0.004757
24h High/Low: $0.005600 / $0.002655
Trend: Recently recovered strongly (+77.30% today) after a sharp drop, but still below the 60 MA line, showing potential short-term upside in a volatile move.
Volume Spike: A strong increase in trading volume suggests accumulation or speculative interest.
EMA (5, 10): Showing bullish crossover recently, indicating upward momentum on shorter timeframes.
Trade Signal
Position: Long (Buy)
Reason: Strong bounce off the 24h low with massive volume suggests potential for a continuation upward in short term. This is speculative and short-term.
Entry Point
Entry: Around $0.00475 - $0.00480 (current range)
Stop Loss (SL)
SL: Below the recent low or support zone
Suggested SL: $0.00420
This gives room for volatility while protecting you if momentum fails.
Take Profit (TP)
TP1: $0.00520 (test of recent resistance and MA60)
TP2: $0.00560 (24h high — strong resistance zone)
TP3 (aggressive target): $0.0060+ (if bullish trend continues)
Risk-Reward Estimate
Risk (SL): 0.00475 - 0.00420 = $0.00055
Reward (TP1): 0.00520 - 0.00475 = $0.00045
Reward (TP2): 0.00560 - 0.00475 = $0.00085
Aiming for TP2 gives a risk-reward of ~1.5:1, which is acceptable for a momentum play.
Extra Tips
Watch Volume: If it keeps increasing while the price stays above $0.0047, it’s a bullish sign.
Keep Eye on Bitcoin: Since this is a meme coin, general crypto market sentiment affects it heavily. #MarketRebound #BinanceSquareFamily #TURBO/USDT $TURBO
$ETH
