💡 Quick technical analysis:
✅ Notable rebound! After the price dropped to $0.005096, TURBO has returned to rise, recording $0.005495, indicating the entry of new buying forces.
✅ RSI at 61.12 – still below the overbought area (70), which means there is additional room for upward movement.
✅ MACD has begun to show a slight positive crossover, indicating the beginning of potential upward momentum.
🚀 Expected scenario:
If the current resistance at $0.005605 is breached, the price may target $0.006179 then $0.006401 (the highest peak in 24 hours). However, if a pullback occurs, the $0.005030 - $0.005096 area could form strong support.
📊 Are we witnessing the formation of a "V-Reversal" pattern?
From the recent candles, a sharp V-shaped rebound can be observed, which often indicates a quick reversal in direction from down to up – provided confirmation by breaking the upcoming resistance.
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🚨 Supporting signals from indicators:
RSI is positive and indicates increasing buying momentum.
MACD is approaching a clear bullish crossover.
Trading volumes are high and stable, reflecting growing interest in buying.
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🎯 Predictions for the next movement:
If it holds above $0.005605, we expect a move towards $0.006179 then $0.006401.
If there is a pullback, please monitor support at $0.005096.
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💬 My personal opinion:
TURBO shows signs of strength after the correction, and the possibility of a new strong upward wave is present. However, caution is necessary regarding the $0.0056 resistance – any clear breakthrough may be a starting point.
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✅ Final advice:
Set a stop loss below $0.005030
Monitor trading volume – it is key to confirming the upcoming rise.
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📢 Do you think TURBO will succeed in breaking $0.006? Or are we waiting for another accumulation round? Share your opinion!
