$TURTLE Analysis:
1H: The main trend has flipped bullish after breaking out of the 0.051–0.052 area. The price is currently well above the Supertrend line → momentum is still strong.
15m: The higher high & higher low structure is clear. Volume is rising → buyers are still in control.
5m: There's an upward acceleration toward intraday resistance.
Key Levels:
Nearest Resistance: 0.0637–0.0644
Next Resistance: 0.068–0.071
Healthy Pullback Support: 0.0604–0.0585
Strong Support: 0.0555–0.0567
Strategy:
If you haven't entered yet: wait for a retrace to the 0.060–0.058 area for safer risk management.
If you've already entered lower: consider trailing stop below 0.058.
Break 0.064: potential for a spike to 0.068–0.071.
Since the candles have spiked sharply + high volume, a brief correction is likely before continuing.
Currently, it's more suitable to buy on dips, rather than FOMO-ing into the peak of the candle.
#Market_Update #turtletrading #TURTLE #bullish