๐จ $TURBO /USDT AT A PIVOTAL POINT โ EYES ON THE BREAKOUT! ๐จ
The $TURBO /USDT chart is presenting a critical setup as the price approaches the upper boundary of a descending channel on the 4-hour timeframe. After a prolonged downtrend, TURBO is attempting a breakout above this resistance line, potentially signaling a shift in momentum.
Current Price: 0.008941 USDT
๐ก Key Levels to Monitor:
โข Resistance: 0.009000 USDT โ This level is crucial for confirming a breakout. A close above it could pave the way for a rally.
โข Support: 0.008000 USDT โ This zone has previously held strong, and a break below could trigger further downside.
๐ Entry Strategy:
โข Long Entry: Look for confirmation above 0.009000 USDT. Set a Stop Loss at 0.008500 USDT to manage downside risk. Targets for the upward movement are 0.009500 USDT, 0.010000 USDT, and a stretch target of 0.010500 USDT if momentum continues.
โข Short Entry: If TURBO fails to break resistance, consider shorting below 0.008900 USDT. Place a Stop Loss at 0.009200 USDT, aiming for targets at 0.008500 USDT and 0.008000 USDT.
๐ฅ Watch for Volume: Increased buying pressure above 0.009000 USDT could confirm bullish momentum, while a decline in volume at resistance may signal weakness.
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