Turbo (TURBO) Market Analysis – April 27, 2025
Turbo has broken out above key resistance at 0.005 (0.5 cents) with bullish momentum. However, multiple bearish divergences are visible in volume, RSI, and open interest — caution is advised.
Key Levels:
Support: 0.0048 – 0.0050
Resistance: 0.0070 – 0.0075
Trade Plan:
Entry:
Watch for a successful retest of the 0.0048–0.0050 zone.
Enter on strong bullish reaction with an increase in volume.
Targets:
First Target (TP1): 0.0070
Second Target (TP2): 0.0075
Stop-Loss:
Set a tight stop-loss below 0.0047 (below the breakout zone and time imbalance).
Summary:
Turbo remains bullish technically and structurally, supported by market conditions (Bitcoin strength).
However, bearish divergences suggest not to enter blindly — confirmation from volume and price action at the retest is critical.
Manage risk properly; this could also turn into a bull trap if the retest fails.
Recommendation:
Wait for confirmation at the 0.0048–0.0050 retest.
Do not overexpose your capital; trade safe.