Long
Price: .003981
(Enter on entry price)
Turbo (TURBO) is currently forming a falling wedge pattern, which is typically a bullish reversal signal. The price has just touched the resistance line of the wedge. From a technical standpoint, we expect a short-term pullback to the support zone, where we plan to open a long position.
According to the Binance liquidation heatmap on Coinglass (24h timeframe), there's significant liquidity to the upside, suggesting that a potential pump could be on the horizon. However, it’s important to manage risk carefully—avoid using high leverage and always conduct your own research before trading.
On the BTC dominance (BTC.D) chart, the 1-hour timeframe shows a successful breakout and retest. This indicates that BTC dominance may rise in the near term, which often leads to a decline in altcoin prices. Therefore, I remain short-term bearish on BTC and expect a healthy correction in the altcoin market as BTC dominance climbs.
3x leverage isolated
Sl: .003824
Target:
1) .004089
2).004130
3).004196
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