Turbo Coin (TURBO) Market Analysis & Trade Setup
🔍 Overview:
TURBO is currently in an uptrend but showing signs of weakness. Price is rising while volume is falling—a classic signal of diminishing momentum. Recent price action suggests repeated rejections at higher levels, indicating selling pressure.
📊 Technical Analysis Highlights:
Current Support Zone: $50–$52
Potential Wick Zone for Dip Entries: $47–$49
Key Resistance Levels:
Immediate: $58
Target Zone: $70–$77
Volume Trend: Decreasing (bearish divergence)
🟢 Trade Setup:
Entry Range: $49–$52 (preferably on a pullback)
Take-Profit Targets:
TP1: $58
TP2: $70
TP3: $77
Stop Loss: Below $46 (invalidates short-term bullish setup)
⚠️ Risk Note:
Selling pressure is evident. A healthy retracement is needed before a strong continuation. Wait for a solid bounce from the support zone to confirm strength.
